Resources on Business Case Maturity Models

A Business Case Maturity Model is a framework that organizations can use to assess the level of maturity in their business case development and implementation practices. The model provides a roadmap for organizations to develop and improve their business case capabilities over time and helps to ensure that business cases are developed consistently and effectively.
Here are some key elements that could be included in a Business Case Maturity Model:
Level 1: Ad Hoc – At this level, business cases are developed ad hoc, with little standardization or consistency in the process. There needs to be formal guidelines or policies in place for business case development and evaluation.
Level 2: Defined – The organization has defined guidelines and procedures for business case development and evaluation at this level. The process is more standardized, and there is a greater focus on aligning business cases with the organization’s strategic goals and priorities.
Level 3: Managed – At this level, the organization has established a formal process for managing business cases, including governance and oversight structures. There is a greater focus on risk management and performance measurement, and business cases are more closely aligned with the organization’s overall project portfolio.
Level 4: Optimized – The organization has fully optimized its business case development and implementation practices at this level. There is a strong focus on continuous improvement, with regular reviews and updates to the business case framework based on feedback and lessons learned. Business cases are closely integrated with the organization’s strategic planning processes, and there is a strong emphasis on maximizing the return on investment.
Overall, a Business Case Maturity Model provides a roadmap for organizations to improve their business case capabilities over time. By assessing the current maturity level and identifying improvement areas, organizations can ensure that their business cases are developed and implemented consistently and effectively and aligned with the organization’s strategic goals and priorities.
The Business Case Maturity Models category is a curated collection of resources, articles, and documents focused on providing CIOs, IT executives, and decision-makers an understanding of various maturity models related to business case development and management. This section of our CIO Reference Library is designed to help you assess your organization’s current capabilities in creating, evaluating, and implementing IT-related business cases and identify areas for improvement and growth.
Maturity models are valuable tools for organizations to gauge their progress in adopting best practices, refining processes, and driving continuous improvement in business case development and execution. The Business Case Maturity Models category aims to equip you with the knowledge and tools to evaluate your organization’s maturity level, set realistic goals, and implement strategies to enhance the effectiveness and impact of your technology investments.
Key topics covered in this category include:
An overview of various business case maturity models and their applications
The role of maturity models in driving continuous improvement and best practices adoption
Assessing your organization’s current capabilities in business case development, evaluation, and implementation
Identifying areas for improvement and setting maturity targets
Strategies for advancing your organization’s maturity level
Aligning business case maturity with overall IT governance and management processes
The relationship between business case maturity and project success
Real-world examples and case studies of organizations using maturity models to enhance their business case capabilities
Benchmarking and comparing your organization’s maturity against industry peers
Integrating maturity models into your organization’s continuous improvement initiatives
The Business Case Maturity Models category is regularly updated with new content, ensuring that it remains a valuable and current resource for CIOs and IT executives as they strive to elevate their organization’s business case capabilities and drive digital transformation and success.