ILM Level 7 8617-701 Developing a High-Level Business Case Assignment Help in UK

Get Help with ILM Level 7 8617-701 Developing a High-Level Business Case Assignment Examples and Answers

If you are facing difficulties with the completion of your ILM Level 7 8617-701 Developing a High-Level Business Case assignment, our team of professional, native writers will help you meet the deadline of submitting your work in the highest quality standards. We specialise in providing support to students at every level, ensuring your business case is developed with clear, concise, and strategic thinking. Whether you require urgent help or comprehensive support, our writers can handle it all, providing tailored solutions to meet the needs of your academia.

In addition to our high-quality writing service, we have comprehensive editing and proofreading to make sure your assignment is error-free. Editors will check the work for clarity, coherence, grammar, and punctuation for overall quality improvement. Should you require it, we will also format your document to follow the required academic style, whether it be Harvard, APA, or any other referencing and formatting styles your institution requires.

Assignment Activity 1: Understand the strategic context for change to identify the requirement for a high-level business case

AC 1.1 Establish a business need that takes full account of the drivers for change and the strategic fit to organisational goals and priorities

• Identify Drivers for Change: Understand internal and external factors, such as market trends, technological changes, customer demands, etc. which necessitate change or improvement within the business.

• Align to Organisational Goal: Ensure that the identified need is in direct alignment with strategic objectives and long-term priorities of an organisation, e.g. growth, profitability, or market expansion.

• Analyse the Impact: Determine how addressing the business need will support key strategic initiatives and align with the overall mission and vision of the organisation.

• Define the Scope: Clearly define the scope of the business need and outline expected outcomes and benefits that are measurable against organisational goals.

AC 1.2 Propose, and obtain agreement for, the development of a high-level business case that draws on existing knowledge and current practice, uses a robust methodological approach, and takes account of the needs of stakeholders

• Leverage Existing Knowledge: Use current practices, industry standards, and organisational data to justify the need for the business case, ensuring alignment with past successful initiatives.

• Employ a Suitable Methodological Approach: Select an appropriate methodology to structure the business case, cost-benefit analysis, or SWOT analysis, or the risky assessment of action etc that could maintain its credibility and thoroughness.

• Identify and engage relevant stakeholders and understand the priorities, concerns, and expectations of these stakeholders, thereby ensuring that the business case meets their needs and that the organisation’s goals are realised.

• Develop a Clear Proposal: Develop a concise, compelling business case describing problems; ideal solutions; costs; benefits; and how these will be implemented, so as to meet stakeholder concerns.

• Obtain Agreement: Present the business case to decision-makers, respond to questions and concerns, and obtain agreement to go ahead with development and take further action.

Assignment Activity 2: Be able to generate and evaluate viable options and apply decision-making techniques

AC 2.1 Evaluate viable high-level business case options and associated costs and benefits 

To evaluate viable high-level business case options and their associated costs and benefits:

• Identify Business Case Options: Assess multiple strategic options to address the identified business need, considering different approaches, solutions, or initiatives.

• Cost Evaluation: Estimate the costs associated with each option, including direct costs (e.g., capital investment, resource allocation) and indirect costs (e.g., implementation risks, training).

• Benefit Analysis: Determine the potential benefits of each option-increased revenue, improved efficiency, customer satisfaction, and positioning in the market name a few. While tangible benefits can be measured through increased revenue, there are also intangible benefits such as brand reputation.

• Risk Assessment: Determine the risks associated with each option, such as operational disruptions, financial uncertainties, or stakeholder resistance. Identify also how the specific risks can be mitigated.

• Alignment with Strategic Goals: Align each option with the long-term objectives of the organisation, vision, and key priorities.

• Compare Options: Compare the costs, benefits, and risks of each option against one another, to identify which provides the greatest value proposition for the organisation.

AC 2.2 Justify the selection of a best business case option

• Alignment with Organisational Goals: Demonstrate how the option selected can be directly aligned to the strategic objectives of the organisation and long-term vision, ensuring that it is aligned to key priorities.
• Cost-Benefit Analysis: Provide a clear comparison of the cost and benefits of each option, showing how the option selected offers the highest return on investment or value for money, with justifiable financial and non-financial benefits.
• Risk Mitigation: Emphasise that selected option as having a well-defined risk management plan that will minimise potential disruptions and uncertainties compared to other options.
• Support of Stakeholders: Demonstrate that the key stakeholders are well-received to the chosen option addressing their concerns and ensuring their support for the same to be implemented correctly.
• Feasibility and Resources: Explain that the selected option is realistic in the resource constraints of the organisation and within time, budget, and capability so that it can be successfully executed.
• Long-term: Highlight the long-term benefits and sustainability of the chosen alternative and how it will remain to create value for the organisation.

Assignment Activity 3: Understand how to select and justify the strategies required to manage the high-level business case through to the desired business outcomes

AC 3.1 Design an appropriate change management strategy for implementing the high-level business case that takes full account of diversity, risk and performance measurement and has been informed through active participation in a learning community 

• Diversity: Include all interests of stakeholders, promote sensitivity, and cultivate open communication channels.

• Risk Management: Identify the risks in advance, prepare a mitigation plan, and get the stakeholders involved for proper risk assessment.

• Performance Measurement: Clearly define objectives, measure the progress with the help of KPIs, adjust based on data insights, and ensure that it is always on track with goals.

• Learning Community Participation: Encourage collaboration, insights sharing, and adapt the strategy based on feedback and knowledge sharing.

AC 3.2 Justify choice of media to evidence the impact of the enquiry to satisfy and influence stakeholders and to enhance own personal brand

• Media Alignment to Stakeholder Preferences: Select media that appeals to the stakeholder’s preference instance, creating slides for an executive briefing and reports for the technical teams to present the information and help shape decisions.

• Clarity & Interest: Using graphical media examples including infographics or videos to break up complicated data ensures the messages are clear as well as interest-generating.

• Personal Brand Enhancement: Select Media Formats such as professional reports, case studies, or webinars that reflect your expertise and leadership skills, thus creating a strong personal brand by showcasing your abilities and credibility.

• Feedback Mechanism: Use interactive media, such as surveys or webinars, to seek feedback from stakeholders, making them believe in your responsiveness and adaptability.

AC 3.3 Evaluate the impact of the enactment of a significant part of the change management strategy

• Stakeholder Feedback: Evaluate stakeholders’ feedback of the process, in terms of satisfaction and resistance, to determine if this change was embraced.
• Performance Measures: Analyse KPIs to measure what is accomplished through the strategy and how well the strategy is being implemented, such as productivity or efficiency gains and/or improved morale.
• Risk Management Outcomes: Judge whether the risk mitigation techniques implemented are effective.
• Determine those risks that were managed and new challenges developed.
• Alignment to Objectives: Measure if the change meets the organisation’s strategic objectives in supporting the overall business goals.
• Adaptability: The flexibility of the strategy, how often feedback from ground adaptation is paid and where improvements are done in real-time.