Project initialisation
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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