Question

What are the components or metrics of a business case that should be considered to justify the development of a 10-year strategic roadmap?

Options:
A) Develop a business case without considering metrics.
B) Include relevant metrics and components in the business case.
C) Ignore the need for a business case.
D) Develop a business case without justification.

Answer 1

To justify the development of a 10-year strategic roadmap, one should select option B and include relevant metrics and components such as financial projections, market analysis, risk assessment, strategic alignment, and resource assessment in the business case.

Step-by-step explanation:

To justify the development of a 10-year strategic roadmap, a business case should certainly include relevant metrics and components. The option B) Include relevant metrics and components in the business case is the most appropriate choice among those provided. A well-articulated business case typically incorporates several metrics, including but not limited to:

• Financial projections like return on investment (ROI), net present value (NPV), and payback period
• Market analysis including market size, growth potential, and competitive landscape
• Risk assessment outlining potential risks and mitigation strategies
• Strategic alignment ensuring that the roadmap is in line with the long-term vision and goals of the organization
• Resource and capability assessment to determine if the necessary infrastructure, talent, and technologies are available

It is critical that a business case is developed with a clear justification for strategic initiatives, which includes a detailed analysis of these metrics to assess the feasibility and potential impact of the proposed roadmap.