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The Business Case in Project Management

The Business Case should be objective and analytical with clear linkage to the higher level objectives of the organisation.

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The Business Case in Project Management

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  1. The Business Case in Project Management

  2. What is the Business Case? What is the Business Case? – A project brief describes what needs to be done. – The project plan explains how you are going to do it. – The business case gives the reasons why. 2

  3. Who prepares the Business Case? Who prepares the Business Case? – The Sponsor (or in PRINCE2 the “Executive”) owns the Business Case but will often delegate its preparation. – The Project Manager or Business Analyst may physically write the Business Case. – For larger projects it is possible that suppliers, users, subject matter experts and external consultants may contribute. 3

  4. Why do Why do Organisations Organisations embark on Projects? embark on Projects? – Improve operational efficiency – Increase sales – Improve quality of products or services – Comply with regulatory control – Replace obsolete systems The Business Case will normally link directly to the cascaded objectives from the Business Plan 4

  5. Where does the Business Case fit in the Project Cycle? Where does the Business Case fit in the Project Cycle? – Developing the Business Case is part of the pre project activity as alternative solutions to meet an organisational need are reviewed and evaluated. – Once crystallised, the Business Case provides the platform for the project plan (and in PRINCE2 the Project Initiation Document or PID). – The Business Case should be regularly reviewed to ensure that the commercial logic remains valid and that any changes to the project are consistent with the Business Case. 5

  6. thanks! ANY QUESTIONS? You can find me at: +1(909)441-1414 support@cheapestessay.com www.cheapestessay.com 6

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