the organization has some “problem” it needs to solve, so a project is initiated to resolve that situation. if the primary purpose of the project is to deliver value, then the project manager’s role is to help ensure that value is delivered. after the project is completed—after the deliverables have been applied and are in use—the business case becomes the measure to assess how well the organization did with its planning and implementation. • values: this is a variation on strategy/mission—where the organization’s social values are agreed, as part of the corporate culture, to be one of the organization’s common expectations and goals.
it is common to think that a business case is fixed, and should not change during the project. assessment and understanding of major risks is critical to the evaluation of project viability. working with a business case does not require a business degree—but it does call on the project manager to be more attentive to what the organization is seeking to accomplish through the project. a guide to the project management body of knowledge (pmbok® guide).
it is your business case – or project proposal – that sets out the answer. business case:a documented economic feasibility study used to establish validity of the benefits of a selected component lacking sufficient definition and that is used as a basis for the authorization of further project management activities. clearly, within an organization, the project business case is the more appropriate tool. so you need a project business case to set out the purpose of and justification for the project. making a decision, and then justifying it, are clearly the primary purposes of your project business case.
the project manager is responsible for maintaining the project business case as a live, controlled document. the questions we saw in the section above need to dictate the contents of your project business case. therefore, you will document: this section is where you set out the governance process around the approval and maintenance of your project business case. once the decision-makers have approved your project business case, it will become a live document. he is also a prolific blogger and contributor to projectmanager.com and project, the journal of the association for project management.
as the project begins the business case establishes the ultimate goal of the project for all stakeholders—including the project manager and sponsor. there are a business case is a project management document that explains how the benefits of a project overweigh its costs and why it should be a business case is developed during the early stages of a project and outlines the why, what, how, and who necessary to decide if it, business case in project management example, project business case example pdf, project business case example pdf, importance of business case in project management, business case example.
definition. a business case provides justification for undertaking a project, programme or portfolio. it evaluates the benefit, cost and risk of alternative options and provides a rationale for the preferred solution. the business case shows the link between the project outputs and programme or corporate strategy outcomes. outputs are the deliverables from projects and all of the major bodies of project management knowledge define it… business case: provides justification for undertaking a project, programme or portfolio. it a business case captures the reasoning for initiating a project or task. it is often presented in a well-structured written document, but may also come in, business case analysis example, business case template. what should be included in a business case? what is a business case in project management pdf? what three main components make up the business case?
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