What Should A Business Case Contain
This is where you discuss the. These include the following.
Definition from APM Body of Knowledge 7th edition Five elements of a business case.
What should a business case contain. For example an online learning business case might compare the benefits and costs of classroom learning. The business opportunity includes a definition a statement of scope and a discussion of objectives that the project will help the organization achieve. A key part of any project is the project business case.
Projects require an investment of not just money but time and effort thus the key question a business case must answer is is this project worth it. Risks summary of the key risks of the project cost extracted from the project plan timescales summary of the project plan investment appraisal. The final business case may contain three to five options the short list that includes a do nothing or benchmark option.
It evaluates the benefit cost and risk of alternative options and provides a rationale for the preferred solution. The required depth of analysis that is documented in support of your case will be based on the size and complexity of the investment decision. A plan should cover all the important matters that will contribute to making your business a success.
Business cases are critical pieces of project documentation that outline a business problem and provide options to solve it. The aim of a business case is to convince decision-makers that a particular course of action will result in the best outcome for an organisation. Your basic business concept.
Types of business cases. Scope impact and interdependencies. While some factual real data may be known eg number of employees allowances must be made for potential variation or uncertainty.
A business case provides justification for a proposed business change or plan and typically outlines the allocation of capital and resources required to. A business case analyzes the alternatives to a proposed project. This awareness of not only the most likely results but also the best-case and worst-case scenarios is a crucial element in creating a Great Business Case.
This business case is at the heart of any project and outlines the justification for undertaking the project. The documented business case will provide confidence and a level of certainty that the considered proposal will be successful. Ownership of the business case.
Benefits expected expressed in measurable terms against todays situation. This section of the business case template describes the work needed to deliver the business objective and identifies those business functions affected by the project. A business case provides justification for undertaking a project programme or portfolio.
Business cases need to be created daily within organizations.
