Approaches

The cost case may incorporate data from outside or inside the organization, but there should be some reference to the validity of the data sources. Some organizations afford a higher level of confidence to information garnered from outside the organization, because it is seen as more objective. The cost case normally will include a financial table of one type or another and should also include a reference to the storage location for that information, as well as who generated it.

Some organizations may omit the interpretive element of the cost case, allowing the numbers to speak for themselves. That can be effective if the organization's culture is relatively static and there is no need to review the existing hurdle rates, thresholds, or corporate sensitivities at some later date.

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Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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