Scribd Logo
Upload

Welcome to Scribd!

  • 17 views

    Business Case

    Uploaded by

    Elham Akkad
    The business case document sets out the main advantages and parameters of a project. It includes why the project is required, what it aims to achieve, deliverables, costs, timeline, quality standards, performance criteria, key performance indicators, risks, and success criteria. It provides information to stakeholders, usually a board of directors, on whether to approve the project. The project sponsor's role is to monitor the project manager, ensure objectives and criteria are met, assess variations, assist with stakeholders, ensure sufficient resources, advocate to senior management, and ensure benefits are realized. Requirements management involves eliciting, documenting, and testing all stakeholder requirements to establish their viability and effect on the project outcome.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Business Case

    Uploaded by

    Elham Akkad
    17 views7 pages
    The business case document sets out the main advantages and parameters of a project. It includes why the project is required, what it aims to achieve, deliverables, costs, timeline, quality standards, performance criteria, key performance indicators, risks, and success criteria. It provides information to stakeholders, usually a board of directors, on whether to approve the project. The project sponsor's role is to monitor the project manager, ensure objectives and criteria are met, assess variations, assist with stakeholders, ensure sufficient resources, advocate to senior management, and ensure benefits are realized. Requirements management involves eliciting, documenting, and testing all stakeholder requirements to establish their viability and effect on the project outcome.

    Original Title

    Untitled

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The business case document sets out the main advantages and parameters of a project. It includes why the project is required, what it aims to achieve, deliverables, costs, timeline, quality standards, performance criteria, key performance indicators, risks, and success criteria. It provides information to stakeholders, usually a board of directors, on whether to approve the project. The project sponsor's role is to monitor the project manager, ensure objectives and criteria are met, assess variations, assist with stakeholders, ensure sufficient resources, advocate to senior management, and ensure benefits are realized. Requirements management involves eliciting, documenting, and testing all stakeholder requirements to establish their viability and effect on the project outcome.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    17 views7 pages

    Business Case

    Uploaded by

    Elham Akkad
    The business case document sets out the main advantages and parameters of a project. It includes why the project is required, what it aims to achieve, deliverables, costs, timeline, quality standards, performance criteria, key performance indicators, risks, and success criteria. It provides information to stakeholders, usually a board of directors, on whether to approve the project. The project sponsor's role is to monitor the project manager, ensure objectives and criteria are met, assess variations, assist with stakeholders, ensure sufficient resources, advocate to senior management, and ensure benefits are realized. Requirements management involves eliciting, documenting, and testing all stakeholder requirements to establish their viability and effect on the project outcome.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    You are on page 1of 7

    Chapter 5

    Business Case
    Business Case
    It is clearly necessary to understand that there will
    be a benefit either in terms of money or service, or
    both. The document that sets out the main
    advantages and parameters of the project is called
    the business case.
    The following headings provide some indication of the subjects to be included:
    1. Why is the project required?
    2. What are we trying to achieve?
    3. What are the deliverables?
    4. What is the anticipated cost?
    5. How long will it take to complete?
    6. What quality standards must be achieved?
    7. What are the performance criteria?
    8. What are key performance indicators (KPIs)?
    9. What are the main risks?
    10. What are the success criteria?
    11. Who are the main stakeholders
    In addition, any known information, such as
    location, key personnel, resource requirements,
    should be included so that the recipients, usually a
    board of directors, are in a position to accept or
    reject the case for carrying out the project.
    The Project Sponsor
    The role of the project sponsor is far greater than being the initiator or champion of the project. Even
    after the project has started the sponsor’s role is to:
    1. Monitor the performance of the project manager
    2. Constantly ensure that the project’s objectives and main criteria are met
    3. Ensure that the project is run effectively as well as efficiently
    4. Assess the need and viability of variations and agree to their implementation
    5. Assist in smoothing out difficulties with other stakeholders
    6. Support the project by ensuring sufficient resources (especially financial) are available
    7. Act as business leader and top-level advocate to the company board
    8. Ensure that the perceived benefits of the project are realized
    Depending on the value, size and complexity of the project, the sponsor is a key player who, as a leader
    and mentor, can greatly assist the project manager to meet all the project’s objecives and KPIs.
    Requirements Management
    Requirements management is concerned with the ‘what’.
    Clients, end users and indeed most of the stakeholders have their own
    requirements on what they expect from the project, even if the main
    objectives were agreed upon. Requirements management is concerned
    with eliciting, capturing, collating, assessing, analysing, testing,
    prioritizing, organizing and documenting of all these different
    requirements.
    Technical
    Testing and periodic reviews of the various requirements will establish their viability
    and ultimate effect on the outcome of the project. The following are some of the
    major characteristics that should be examined as part of this testing process:
    • Feasibility, operability and time constraints
    • Functionality, performance and quality requirements and reliability
    • Compliance with health and safety regulations and local by-laws
    • Buildability, delivery (transportability), storage and security
    • Environmental and sociological impact
    • Labour, staffing, outsourcing and training requirements

    You might also like