# Project initialisation

There are many approaches and methodologies that are widely used across industry with organisations favoring standard industry ones (PRINCE2, PMBOK, Agile etc) or usually a modified version of these they make their own. ![Project methodologies](https://2148890063-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FJFoKjcvVbdvZ6n8QnPBM%2Fuploads%2Fgit-blob-df8e94f44c0cd1fc5e183f5c6a2c0a726d012cf1%2Fmethodologies%20\(1\).png?alt=media)

## Setting up a project for success. A business case is the key.

The purpose of the Business Case is to establish mechanisms to judge whether the project is (and remains) desirable, viable and achievable as a means to support decision making in its initial and continued investment.

* Provides a factual base for key decision makers to decide if the project should be undertaken.
* Demonstrates how the project adds value to the organisation
* Has a set of pre-defined standard organisatinal characteristics (costs, benefit, risk, etc.)
* It is not all about size - size depends on the cost/benefit.
* It is a living document throughout the project that should be reviewed and signed off at key stages.

### A business case contains

* Exec summary
* Reasons why its required
* Business options
* Expected benefits
* Expected dis-benefits
* Timescale
* costs
* Investment appraisal
* Major risks


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