Definition Of Business Case In Project Management

However is your project solving one of the most urgent problems confronting the.

Definition of business case in project management. The case manager keeps tabs on everything from beginning to end carefully adjusting the course of action on an as needed basis. Business case is one of the primary documents that allow summarizing the need for launching a project and analysing possible alternatives. It is presented as a well structured document which includes information such as the background. The business case is the key document for a project manager it is both the justification for their activities and a benchmark by which the project benefits will be measured.

This excellent project justification guide will provide sophisticated advice to maximize the impact of your business case making it accurate complete and persuasive. When a business embarks on a new project that falls outside of routine activities case management provides a holistic flexible framework for handling it. The business case provides the reasoning for initiating a particular task or project management scheme. The business case addresses at a high level the business need that the project seeks to meet.

Definition from apm body of knowledge 7 th edition. The business case is also the key document of the project portfolio management process and as such is the document used by the organisations project investment committee. In addition learn some handy tips techniques and strategies to complement existi. A business case provides justification for undertaking a project programme or portfolio it evaluates the benefit cost and risk of alternative options and provides a rationale for the preferred solution.

All projects and programmes must have a business case that demonstrates the value of their objectives. The more complex the organization and the more complex the project the more complex and thorough you would expect the business case to be as it needs to delve into significant detail to reassure management that the project is worth undertaking in light of a complex array of facts. It includes the reasons for the project the expected business benefits the options considered with reasons for rejecting or carrying forward each option the expected costs of the project a gap analysis and the expected risks. A detailed business case is prepared during the latter process and then used to.

A business case is a document that uses the problem and the goal statements and converts it into a statement of business value. Throughout the lifecycle of the project this document is used to show the project justification and reasonability. The management might understand that there is a problem and that you have a goal after reading your problem and goal statements.