Business cases are created to help decision makers ensure that:
– The proposed initiative will have value and relative priority compared to alternative initiatives.
– The firm has the capability to deliver the benefits.
– Dedicated resources are working on the highest value opportunities.
– Projects with interdependencies are undertaken in the optimum sequence.
– The performance of initiatives is monitored objectively based on the objectives and expected benefits laid out in the business case.
Strategic management analyses the major initiatives taken by a company‘s top management on behalf of owners, involving resources and performance in external environments. It entails specifying the organisation‘s mission, vision and objectives, developing policies and plans, often in terms of projects and programmes which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programmes.
Maintenance planning is conducted to evolve and establish requirements and tasks to be accomplished for achieving, restoring and maintaining the operational capability for the life of the system.
- Elements such as controls, job management, defined and well managed processes, performance and integrity criteria, and identification of records.
- Competence such as knowledge, skills, experience and qualifications.
- Soft elements such as personnel, integrity, confidence, organisational culture, motivation, team spirit and quality relationships.
The primary goals of organisational improvement are to increase organisational effectiveness and efficiency to improve the ability of the organisation to deliver goods and/or services. A third area sometimes targeted for improvement is organisational efficacy, which involves the process of setting organisational goals and objectives.