Business Case Document Purpose
11 Purpose. The business case is typically developed by the project sponsor and presented to key stakeholders for evaluation.
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This document is crucial when a project requires a major investment of money or resources.
Business case document purpose. It evaluates the benefit cost and risk of alternative options and provides a rationale for the preferred solution. The purpose of the business case is communication. Definition from APM Body of Knowledge 7th edition Five elements of a business case.
Use of a Business Case is considered standard practice throughout private and public industry. For example an online learning business case might compare the benefits and costs of classroom learning. A business case provides justification for undertaking a project programme or portfolio.
The two project management business documents are. You need a business case when you have to justify a resource or expenditure on a project. A business case is a document that justifies a new project to management and stakeholders.
A business case analysis is a document that can help stakeholders identify the difference between budget accounts. Therefore each section should be written in the parlance of the intended audience. More so this document can reflect how given amounts for budgeting purposes can impact or affect the results of the program or the project at hand.
The purpose of this business case is to assess the business value of an investment in the acquisition and implementation of an intranet-based Global KnowledgeBase. The purpose of a project business case is to provide justification for a project to be undertaken. The business opportunity includes a definition a statement of scope and a discussion of objectives that the project will help the organization achieve.
The total business change must be considered which may be much wider than just the. A business case also known as a business need defines a problem or opportunity measures the effect of a project that solves a problem or exploits an opportunity and clarifies the costs and benefits of a proposed plan. When writing a business case keep the following in mind.
Moreover it should only contain enough information to help decision making. A business case explains why stakeholders should invest in a project. The purpose of the business case is to document the justification for the undertaking of a project usually based on the estimated cost of development and implementation against the risks and the anticipated business benefits and savings to be gained.
The purpose of a business case contrasts with that of a project proposal which provides a high-level outline of what you want to initiate and its benefits to the company or that of. Project business casethis is an economic feasibility study which demonstrates the benefits or business value to be created as a result of the project Project benefits management plandescribes how the benefits created as a result of the project will be maintained after the project is done. How this manifests itself will differ from one project to another and from one organization to another depending on the complexity of each.
Always use the business case as your point of reference to ensure success is met use the information to present the results to the team and management and claim success using real figures which in turn will increase your credibility within the organization increase confidence in ECM use and more easily gain support for future projects. A business case analyzes the alternatives to a proposed project. Purpose of Business Case A Business Case assists organizational stakeholders in making decisions regarding the viability of a proposed project effort.
What is the purpose of the business case.
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