Business Case
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| − | 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. | + | 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 Business Case is revisited and refined throughout the project duration. Within the initial phase of a project the Business Case is being defined and developed, but once the project progresses past the initiation stage, the Business Case is being maintained through the rest of the project. |
| − | The Business case is defined by Murray,(2009)<ref name="Murray"/> 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. | + | 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)<ref name="Murray"/> 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= | =What is a Business Case= | ||
Revision as of 20:58, 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 Business Case is revisited and refined throughout the project duration. Within the initial phase of a project the Business Case is being defined and developed, but once the project progresses past the initiation stage, the Business Case is being maintained through the rest of the project.
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.
Contents |
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
- ↑ 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.
