Business Case Project Management

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Business case project management. This business case outlines how the web platform wp project will address current business concerns the benefits of the project and recommendations and justification of the project. It is presented as a well structured document which includes information such as the background. It gives an analysis of the benefits and costs of making a change to the way things are done.

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. The need for a business case is that it collects the proposal outline strategy and marketing plan in one document and offers a full look at how the project will benefit the organization. Your project business case is therefore a tool for senior people to make an informed decision.

The fourth edition of a guide to the project management body of knowledge pmbok guide now takes greater notice of the business case 4 1 1 2 business case but does not yet expand its explanation and discussion to take full advantage of the value of a business case to the project and organization. This business case is at the heart of any project and outlines the justification for undertaking the project. Decode the jargon of project management.

A key part of any project is the project business case. There are four steps necessary to write a business case which are as follows. 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.

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. Apm body of knowledge 7th edition. The business case also discusses detailed project goals performance measures assumptions constraints and alternative options.

Mainly because people don t have the in depth knowledge or they find it a waste of time to see it as another means of pushing the project into the right direction. A business case is often overlooked during the implementation of projects and programs. Read more about business cases in chapter one of the apm body of knowledge 7 th edition.