Develop a Business Intelligence (BI) Plan to Enhance an Existing Business Operation
This project is designed to enhance your knowledge of business intelligence and enable you to apply some of the theories in practice. The project will involve developing a business plan to leverage business intelligence for improving one existing business operation.
The project should include an analysis of the organization, its business plan, strategies, tactics, and a process for implementing business intelligence and technology/analytics enablers. The scope of this project is broad and requires sustained effort.The term project is intended as a continuation of the exploration of business intelligence. The objective is to focus on the business operations of an existing organization. First, choose a business with which you are familiar or with which you would like to become more familiar.
The objective now is to concentrate on improving one specific business operation in this organization. For example, improvement opportunities may exist in the areas of supply chain, transaction processing, product development, marketing/sales management, ER operations, and financial management. Specifically, each student will:
Develop a business intelligence plan to enhance the specific business operation by following the standard business process:
- Conduct a situation analysis (SWOT) to identify opportunities, risks, challenges, and issues.
- Review the organization’s business model and strategies
- Develop a BI strategy and tactics to enhance the business operation
- Identify issues and challenges related to the business model and strategies
- Identify one business operation that can be reengineered and enhanced by leveraging business intelligence
- Implementation plan with financial projections
Ensure BI-business alignment
Key Components of the Business Intelligence Plan Document
- 1.Business: Briefly describe the organization and the business goals
- 2.Business Process: Describe the specific business process/operation that can be enhanced by leveraging business intelligence.
- 3.Business Partners: Describe the customers and partners who are likely to support your BI project. Describe the characteristics of the people involved and indicate whether your customers are cost or quality-conscious, and what types of concerns they have.
- SLA (Service Level Agreement): Define the service level as a result of the BI implementation. Describe the construction of the BI strategies and tactics. Identify what technologies and analytics will be used to implement it.
- Implementation Plan: Identify the components of the BI project along with the resource requirements for each component.
- Staffing: Estimate the hours of internal and contract staff required for implementing each component. Identify the type of person required to do the work.
- Hardware: Identify the hardware required for the development of this implementation. Include staff computing resources and network access, as well as server resources. Specify what will be outsourced versus in-house. This includes the costs for development and for the actual operation of the implementation.
- Software: Identify what software will be required for the development and ongoing operation of the product. Include staff computing resources and network access as well as server resources. Specify what will be outsourced versus in-house.
- Change Management: If process, content, or software will be changed regularly, describe these activities. Identify the processes required to maintain and support the implementation after lunch.
- Development and Operations Costs
a. Labor: Based on the time estimates from the implementation plan, calculate employee and contract labor costs for the development and the operations of the implementation.
b. Hardware: Based on the estimates from the implementation plan, calculate hardware costs for the development and operations of the implementation.
c. Software: Based on the estimates from the implementation plan, calculate software costs for the development and operations of the implementation.
- Benefits