Course Details
Business Acumen Level 5: Develop a Business Case for New Initiatives (Synchronous e-Learning)
TPGateway Course Reference No.: TGS-2018502799
SYNOPSIS
This unit addresses the skills, knowledge and competencies required to for developing a business case to verify the benefits of a new human resource initiative.
LEARNING OUTCOMES
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- Define the proposed initiative
- Define the objectives and critical success factors
- Prepare a risk management strategy
Define the proposed initiative
- Identify emerging opportunities of strategic impact to the business operations of the organisation and division by monitoring environmental trends and factors
- Consult with stakeholders to gather inputs and support for the development of a business case for the proposed initiative
- Research similar initiatives that have been implemented with a view to identifying the factors that contributed to their success or failure
- Identify resources required for implementation of a/the proposed initiative
Define the objective and critical success factors
- Identify the costs and benefits to the department or organisation for the evaluation of the proposed initiative
- Propose timelines for the implementation of the proposed initiative and clarify relationships with other business priorities and strategies
- Work with stakeholders to specify the expectations and critical success factors to ensure their buy-in and support
Prepare a risk management strategy
- Identify potential risks that may impact on their implementation of a new initiative by establishing contributing trends and factors
- Evaluate the impact and likelihood of the risks to establish a schedule of priorities for implementation
- Identify strategies to manage risks
COURSE INFORMATION
Training Duration: 24 hours
Mode of Training: Virtual Learning
Course Validity Period: 1/6/2024 – 8/10/2026
Course Fee: $800.00 (before funding and GST)
For NETT course fee, see Course Fee and Funding Information
