S Business case

Before embarking on a project, it is clearly necessary to show that there will be a benefit either in terms of money or service or both. The document which sets out the main advantages and parameters of the project is called the business case and is (or should be) produced by either the client or the sponsor of the project who in effect becomes the owner of the document.

A business case in effect outlines the 'why' and 'what' of the project as well as making the financial case by including the investment appraisal.

As with all documents, a clear procedure for developing the business case is highly desirable and the following headings give some indication of the subjects to be included:

1 Why is the project required?

2 What are we trying to achieve?

3 What are the deliverables?

4 What is the anticipated cost?

5 How long will it take to complete?

6 What quality standards must be achieved?

7 What are the performance criteria?

8 What are key performance indicators (KPI)?

9 What are the main risks? 10 What are success criteria?

12 Who are the main stakeholders?

In addition any known information such as location, key personnel, resource requirements, etc. should be included so that the recipients, usually a board of directors, are in a position to accept or reject the case for carrying out the project.

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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