What are the contents of a business case?

What are the contents of a business case?

Information included in a formal business case could be the background of 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.

What are the sections of a business case?

Five elements of a business case

• Strategic context: The compelling case for change.
• Economic analysis: Return on investment based on investment appraisal of options.
• Commercial approach: Derived from the sourcing strategy and procurement strategy.
• Financial case: Affordability to the organisation in the time frame.

What are the four components of a business case?

Key lessons on the 4 key components of a business plan

• The executive summary, marketing plan, key management bios, and financial plan business plan sections are critical and should be included in all business plans.
• Additional sections can be added to these four when targeting specific purposes and audiences.

What is a business case in PRINCE2 methodology?

During the project, a PRINCE2 business case is a major control document that is referenced on a regular basis to ensure and confirm that the project remains viable. PRINCE2 business cases will contain justifications for a project, such as value for money for what is to be done and why it should be done now.

What is a business case PRINCE2?

How do you create a business case template?

Tips for Creating a Compelling Business Case and Business Case Template

1. Define the strategic role and goals of the project early in the case study.
2. Create context for the project by discussing its history and background.
3. Show similarities between the proposed project and previous successful projects.

What is business case PRINCE2?

Who prepares the business case in PRINCE2?

The PRINCE2 manual says that the Project Manager prepares the Business Case on behalf of the Executive but this does not happen often in the real world. I prefer to say that the Project Manager can assist the Executive in preparing the Business Case.

What does a PRINCE2 project manager actually do?

They are also responsible for ensuring that the products produced by the project deliver the desired outcomes, in other words, that they can be used as expected. The PRINCE2 manual says that the Project Manager prepares the Business Case on behalf of the Executive but this does not happen often in the real world.

What are expected dis-benefits in PRINCE2?

PRINCE2 Business Case – Expected dis-benefits Dis-benefits are a negative outcome of the project. An example could be that a project designed to make processes more efficient means that some staff will be made redundant.

What does PRINCE2 assume about the supplier?

PRINCE2 also assumes a Supplier who will produce the product. Both the customer and supplier can exist within the same company (two different departments), or the supplier can be external. PRINCE2 uses the terms “Output, Outcome and Benefits.” These terms help to describe what we get from a project: