Building Business Cases
(HRCI Criteria: 6, 10, 11)
Capital budgeting is a very important process to follow. Usually, there are many more requests for the company’s money (to fund initiatives and projects) than the company can afford; so wise choices must be made. The various proposals are examined in light of risk, potential value, payback and return on investment. HR
must follow the same rules as any other department and be able to present rational, systematic and compelling business cases.
This session challenges the view that HR initiatives are too long-term or overly complex to be amenable to business cases. This view is simply unfounded, but it is true that HR professionals are not particularly good at building business cases.
After participating in this session, participants will be able to:
• Discuss the importance of capital budgeting.
• Identify the steps in building business cases.
• Walk through two different HR business cases that were successfully funded.
• Identify other types of compelling cases that can be presented to business leaders.