HR initiatives are often turned down or postponed due to a lack of organizational buy-in. These initiatives can often be complex and costly and require significant planning to be implemented successfully. A financial business case is sometimes used to justify these initiatives, but it often lacks well-defined project objectives. Once the business case is approved, it is often forgotten, eliminating a critical check and balance of benefit realization.
According to McLean & Company, a clear business case for a key HR initiative can make the difference between a project’s success or failure. Successful cases go beyond getting approval for an initiative; the business case is a living document that provides governance and traceability throughout the project. Organizations should use it as a tool to review and track the achievement of proposed benefits at the start of the project, during implementation, and after project go-live.
McLean & Company’s framework, found in the new blueprint, models the process of developing a strong business case that will allow HR leaders to define initiative goals and requirements, analyze alternatives and present the HR business case. This type of approach will help HR managers to:
- Understand the drivers of decision-making in the organization and how initiatives are evaluated.
- Compile a compelling business case that provides stakeholders with enough information to make decisions with confidence.
- Evaluate proposed HR initiatives “from apples to apples” using a standardized and repeatable methodology.
- Provide a mechanism for monitoring the performance of the initiative during and after implementation.
HR managers can learn more about how best to articulate and track planned success by downloading and reading the Develop a strong HR business case to accelerate onboarding research plan.
Media professionals are encouraged to enroll in McLean & Company’s Media Insiders program for further research and information. This program provides unlimited, on-demand access to content from the HR, IT and software industry, as well as subject matter experts from a pool of over 200 research analysts. To request access, contact [email protected].
About McLean & Company
With data-driven insights and proven methodologies based on best practices, McLean & Company offers comprehensive resources and comprehensive assessments, action plans and training to position organizations to meet the needs of today and prepare for the future.
McLean & Company is a division of Info-Tech Research Group.
SOURCEMcLean & Company