project business case

a key part of any project is the project business case. in simple terms, the purpose of a business case is to weigh the costs of undertaking the project against the expected benefits of the project once completed. the more complex the organization and the more complex the project, the more complex and thorough you would expect the business case to be, as it needs to delve into significant detail to reassure management that the project is worth undertaking in light of a complex array of facts. take the case of a small start-up business where they are only ever working on one project at a time. the point we’re making is that projects are undertaken for all kinds of reasons, and the point of the business case is simply to articulate these reasons. as long as our project sponsor or a senior member of the business with the right authority is happy to sign off the business case or lack thereof, then we should be ready to proceed. for our project business case example we’re going to imagine a growing company that is struggling under the weight of calls to its sales lines.

this is resulting in lost sales when calls go unanswered, it also leads to customer dissatisfaction when customers are having to wait a long time for their call to be answered. because of this the company determines that it wants to rectify the situation. the project business case example is show below for this company. this is perfectly normal for an early stage project plan, where we’re simply trying to determine the best way forward by estimating the return on investment. the business case could of course improve, meaning the return increases from our initial estimate, or the business case could deteriorate, meaning the return  decreases. if the return on investment decreased to such an extent that it became negative then we’d probably either cancel the project or dramatically change its objectives to keep a positive return. the purpose of a project business case is to provide justification for a project to be undertaken.

the project sponsor is generally accountable for the development and maintenance of the project business case document. the project manager uses the two project business documents — the business case and the benefits management plan –but is not authorized to change them. the business case is a project business document that is used throughout the project lifecycle. it is just the main deliverables, but this will be progressively elaborated during the project.

selection of this option results in the project not being authorized. the project benefits management plan is the document that describes how and when the benefits of the project will be delivered and describe the mechanisms that should be in place to measure those benefits. the benefits management plan and the project management plan include a description of how the business value resulting from the project becomes part of the organization’s ongoing operations, including the metrics to be used. that brings us to the end of project management business documents and also to the end of the foundational elements module.

a business case is developed during the early stages of a project and outlines the why, what, how, and who necessary to decide if 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 defines the value a project will deliver. costs and benefits are key reference points, but other elements contribute significantly to presenting, project business case example pdf, project business case example pdf, business case pdf, business case example and solution, business case components.

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. all of the major bodies of project management knowledge define it… business case: provides justification for undertaking a project, programme or portfolio. it the purpose of a project business case is to provide justification for a project to be undertaken. how this manifests itself will differ from one project to a business case captures the reasoning for initiating a project or task. it is often presented in a well-structured written, simple business case example pdf, how to write a business case, business case analysis, benefits of a business case, who writes the business case, business case document, importance of business case in project management, construction project business case example, business case executive summary example, types of business cases. what should be included in business case? what is project case? what is the difference between project charter and business case? who owns business case in a project?

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