Revision as of 16:43, 12 February 2018

This article treats the subject Business Case within project management. The definitions of Business Case are discussed with its limitiations. Business Case is the document that defines whether or not a project is worth undertaking from the company perspective. A Business Case can be either pre-defined from a corporate level or initiated at project start. The article will discuss relevant tools to Business Case and the relevant responsibilities when creating or working with a Business Case. The Business case is defined by Murray,(2009)^[1] as a document that presents the optimum mix of information used to judge whether a project is desirable, viable and achievable, and therefore worthwhile investing in.

What is a Business Case

Types of Business Cases

Defining a Business Case

Executive Summary

Reasons

Business Options

Expected Benefits

Expected Drawbacks

Timescale

Cost

TEST TEST TEST

Investment Appraisal

Major Risks

Responsibilities

Relevant Tools

Payback Period

Net Present Value (NPV)

Limitations

References

1. ↑ Murray, Andy & Co. (2009), Managing successful projects with PRINCE2, 5th edition, p. 21, United Kingdom, TSO.

Annotated Bibliography

Further reading about the template for making a Business case: http://www.projectmanagementdocs.com/project-initiation-templates/business-case.html#axzz4XoPzbU80

Murray, Andy & Co. (2009), Managing successful projects with PRINCE2, 5th edition, p. 21-28, United Kingdom, TSO.

Annotation: The book has a seven page chapter about Business Case, and describes in details how to develop it.

Maylor, H. (2010). Project Management, Pearson Education ltd, 4th edition, p.184-191, GB, ISBN: 9780273704324

Annotation: The development of a Business Case is explaned in seven pages with different examples and descriptions.