Saturday, 23 July 2016

23/07/2016

Researching into Business Cases

Source: Prince2 " Managing Successful Projects With Prince2" (book)

Info- What is a business case?
        Types of business case?
        How to approach a business case?

Explains how to compose a business case and it shows a good structure which I would like to follow. It has 9 key points:


  1. Executive summary- The key points of the case and includes the most important benefits to the investment.
  2. Reasons- Why the project is being undertaken and how it will benefit the organisation.
  3. Business Options- What has to be done in the project; nothing, the minimum or do something.
  4. Expected benefits- What the benefits of the project will be, with comparisons before and after the project.
  5. Disbenefits- Expected outcomes that could be seen as negative.
  6. Timescale- The timescale over which the project will run
  7. Costs- A summary of the project costs.
  8. Investment Appraisal- Defines the value of a project and addresses how it should be funded. *needs more understanding*
  9. Major risks- Gives a summary of the key risks associated with the project, with plans of what to do should these risks occur. 

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