Evaluating

Options
10.21.2021
Proverbs Treasures gained dishonestly profit no one, but righteousness rescues
from death. The LORD will not allow a righteous person to starve,
10:2-3 but he intentionally ignores the desires of a wicked person.
The Process
of
Evaluating
Options
This involves getting as comprehensive a list as possible of the options available, without eliminating
any too early.

Identifying Options
Shortlisting Options

The initial ‘longlist’ of possible options needs to be whittled down to a more management set that can
be considered more carefully.

This can be done by using SWOT analysis or PESTLE and by employing feasibility analysis or force-
field analysis.
 Preparing the Business Case

For the selected option (and maybe for the key alternatives too),
the business case now needs to be constructed.

The issues to consider here are:

impact analysis – identifying and
cost–benefit analysis – contrasting the
assessing any non-cost impacts of the
expected costs of the option with its
proposed change, such as new ways
predicted benefits;
of working;
investment appraisal – putting the
risk analysis – identifying the risks to
(financial) costs and benefits together
success and possible
to see whether the project pays for
countermeasures;
itself.
 THE VARIOUS ELEMENTS OF THE THIS CAN INVOLVE EITHER, OR USUALLY
BUSINESS CASE NEED TO BE PRESENTED BOTH, OF BUSINESS CASE REPORT
TO SENIOR MANAGEMENT FOR THEIR CREATION AND BUSINESS CASE
DECISION. PRESENTATION.

Presenting the Business Case

 Chinese thieves hacked into a server of Bangladesh Central Bank and tried
to withdraw $951 million which now makes it one of the biggest accounting
scandals in recent years in the Philippines. Fortunately, their plan failed.
The $81 million went to four accounts of RCBC, a commercial banking
corporation. This crime was mostly covered by the media since a country
Case Study: was being robbed, not just a random individual. The attempted crime did
come with prospective consequences for the Philippines market since it

Bangladesh
appears unreliable with having such a large sum transferred onto their
accounts. It created a bad image for them, to say the least. – Petkovic, 2017

Bank Read this article to further get into the details of the case from this link:
https://www.insurancejournal.com/news/international/2019/03/13/520432.h
tm

Hacking Using the techniques in evaluating options, write a case analysis following
this format:

Scandal a. Problem (and Objectives)

b. Areas of Consideration (You may do a SWOT or PESTLE analysis)

c. Alternative Courses of Action (at least three independent implementable

alternative solutions with their respective pros and cons)

d. Decision (chosen from the ACA) with a Detailed Action Plan

References
Cadle, J., Paul, D., Turner, P. (2010). Business analysis technique: 72 essential tools for success.
British Informatics Society Limited: UK

Petkovic, B. (2017, July 19). 10 biggest accounting scandals in recent years in the Philippines.
https://www.insidermonkey.com/blog/10-biggest-accounting-scandals-in-recent-years-in-the-philippine
s-591039/7/

Petty, M., Paul, R. (2019, March 13). Philippines’ RCBC sues Bangladesh Central Bank over ‘vicious’
cyber heist claims. https://www.insurancejournal.com/news/international/2019/03/13/520432.htm