| Article Index |
|---|
| Project Initiation Activities |
| Business Case |
| Feasibility Study |
| Project Charter |
| Job Description |
| Project Office Set up |
| Phase Review |
| All Pages |
A Business Case document is used whenever the expenditure on a project has to be justified. Completing a Business Case document is usually the first step in the Project Life Cycle. Once the Business Case document has been completed, it is presented to a Sponsor for approval. The Business Case is referred to frequently during the project, to determine whether it is currently on track. And at the end of the project, success is measured against the ability to meet the objectives defined in the Business Case. So the completion of a Business Case is critical to the success of the project.
By creating a convincing Business Case, you can document the return on investment for your solution, thereby creating a compelling Business Case for approval by your sponsor. It will help you identify the detailed benefits and costs of your solution, giving your sponsor confidence that the solution recommended is the most viable solution available. This will help you to gain approval of the business case and secure the funding you need, to get started.
By using the Business Case document, you can:
- Research the business problem or opportunity
- Identify the alternative solutions available
- Quantify the benefits and costs of each solution
- Recommend a preferred solution to your sponsor
- Identify any risks and issues with implementation
- Present the solution for funding approval
