7. Business Case

Question 1

List 5 elements of business case

Answer 1

1. Strategic context - the compelling case for change
2. Economic analysis - return on investment
3. Commercial approach - procurement strategy
4. Finance case - affordability
5. Management approach - roles, governance structure, life cycle choice

Question 2

Describe SWOT

Answer 2

Strength
Weaknesses
Opportunities
Threats

Question 3

Describe PESTLE

Answer 3

Political
Economical
Social
Technological
Environmental

(world context, org context, project context)

Question 4

Describe VUCA

Answer 4

Volatility
Uncertainty (known unknowns)
Complexity
Ambiguity (unknown knowns)

Question 5

Why should you review business case

Answer 5

1. ensure alignment to organisation strategy
2. Project context changes
3. Business case acts as a baseline. Agree success criteria and record decisions