Business Case Of A Project

Those writing the business case should have a thorough understanding of the project s aims and be able to merge the varied and potentially complex plans into one document using the following business case template.

Business case of a project. However is your project solving one of the most urgent problems confronting the. The management might understand that there is a problem and that you have a goal after reading your problem and goal statements. A business case is the way you prove to your client customer or stakeholder that the product you re pitching is a sound investment.

A business case is a formal structured document. Get a free 30 day trial. Read more about business cases in chapter one of the apm body of knowledge 7 th edition.

Business cases are created in order to aid decision makers compare alternative initiatives based on the indicated benefits and. What follows are the four steps to writing a business case template for your project. Or a verbal exchange that defines the benefits of an initiative or project.

The business case template. Moreover it is the responsibility of the sponsors to agree on the scope and limitation of the project. The project manager is responsible for compiling the project business case.

This business case is at the heart of any project and outlines the justification for undertaking the project. Apm body of knowledge 7th edition. The apm body of knowledge 7th edition is a foundational resource providing the concepts functions and activities that make up professional project management it reflects the developing profession recognising project based working at all levels and across all sectors.

A key part of any project is the project business case. Projects require an investment of not just money but time and effort thus the key question a business case must answer is is this project worth it. A business case is a document that uses the problem and the goal statements and converts it into a statement of business value.