Business Case
A Business Case is used to document the justification for the undertaking of a project, based on the estimated costs (of development, implementation and incremental ongoing operations and maintenance costs) against the anticipated benefits to be gained and offset by any associated risks.
PRINCE2® Business Case to download - PDF
PRINCE2® Business Case to download - WORD
- Project mandate and Project Brief – reasons;
- The Senior User(s) - expected benefits;
- Risk Register and Issue Register.
- The benefits should be clearly identified and justified
- It should be clear what will define a successful outcome
- Where external procurement is required, it should be clear what the preferred sourcing option is, and why
- The Business Case includes non-financial, as well as financial criteria
- The Business Case conforms to organizational accounting standards (e.g. break-even analysis and cash flow conventions).
Creation, update and use
An Outline Business Case is created in the Starting up a Project process point (or it might form a part of the Mandate). The Executive is the owner of the Business Case during the whole project. The Business Case is refined in Iniating a Project process and updated during Managing a Stage Boundary process. The final update take place in the Closing a Project process. In case of any issue/risk arises, an impact analysis on the Business Case should be taken. The Project Board uses the Business Case to confirm, if the project is viable and worthwhile.
Comments
Sign up to make a comment.