Create a Business Case for Statistical Applications

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TIM-7101_Initiative_Prioritization_Example.xlsx

Scoring Definitions

Growth Opportunity Scoring Definitions
Evaluation Criteria Higher Attractiveness / Fit (5 Points) Medium Attractiveness / Fit (3 Points) Lower Attractiveness / Fit (1 Point)
Attractiveness Revenue Potential 3 Year revenue potential of $1,000,000 or more 3 Year revenue potential of $999,999 - $400,000 3 Year revenue potential of $399,999 or less
Pretax Potential More than 40% Between 30% - 40% Less than 30%
Strategic Alignment Fits a key strategic growth initiative / lever and it fits our culture / business model Fits a strategic growth initiative / lever Unclear fit with current business strategies
Client Need Unmet need validated by potential customers; unmet need with customer request for service Unmet need identified and confirmed (not with customer); met need with customer openess to service Unmet need may exist but has not been confirmed; met need with customer not intersted in service
Customers Targets customer inside domain of interest, and decision maker is in a function we are very familiar with Targets customer inside our domain of interest and the decision maker is unfamiliar with us Targets customer outside our domain of interest
Time to Revenue Less than 6 months to initial revenue 7- 18 months to initial revenue Greater than 18 months to initial revenue
Investment Required (non employee) Minor (0 - 10% of revenue potential) Moderate (10-20% of revenue potential) Significant (>20% revenue potential)
Progressive Cutting Edge - Viewed as progressive by the target customer Leading Edge - Viewed as "second" to the market but considered progressive Standard - Effective and proven but not progressive
Ability to Execute / Business Fit Capabilities - Process Does not require any significant additions to, or enhancement of, our existing processes Requires enhancement of existing processes, but does not require new processes Depends on process that do not exist in the business today
Capabilities - Technology Tools Does not require any significant additions or upgrades to current tools Requires substantial upgrades to existing tools, but no new tools Requires new technology tools
Capabilities - Skillsets Only requires existing leadership, management, and operational skillsets Requires new skillsets / talent from a leadership/management or an operational perspective (not both) Requires the addition or new skillsets / talent from both a leadership/management and an operational perspective
Competitors Competitive set is limited or does not exist (less than 2) Competitive set is moderate (2-6) Competitive set is is very robust for our currents offering(s) (7+)
Pricing Model Pricing terms and mechanics are consistent with current offerings and familiar to the target customer set Pricing terms and mechanics are different from current offerings or unfamiliar to the target customer set (not both) Pricing terms and mechanics are different from current offerings and will be unfamiliar to the target customer set

Template

Growth Opportunity Scoring Sheet
Score Confidence
Growth Opportunity Name:
Instructions: For each of the evaluation criteria listed, please provide a score in the 'Score' column based on the criteria provided in the 'Scoring Definitions' tab
as well as a brief rationale for why you entered each score
Evaluation Criteria Weight Score (1,3,5) Weighted Score Rationale for Score Score (10/6/2) Weighted Score
Economic Fit / Attractiveness Revenue Potential 10% 0.0 0 0.0
Pretax Potential 10% 0.0 0 0.0
Strategic Alignment 10% 0.0 0 0.0
Client Need 10% 0.0 0 0.0
Customers 10% 0.0 0 0.0
Time to Revenue 5% 0.0 0 0.0
Investment Required 5% 0.0 0 0.0
Progressive 10% 0.0 0 0.0
Total 70% 0.0 0.0 0.0
Ability to Execute / Business Fit Capabilities - Process 5% 0.0 0 0.0
Capabilities - Technology 5% 0.0 0 0.0
Capabilities - Skillsets 10% 0.0 0 0.0
Competitors 5% 0.0 0 0.0
Pricing Model 5% 0.0 0 0.0
Total 30% 0.0 0.0 0.0
Total Score 100% 0.0 0.0