Business Case Flashcards
1
Q
What’s a Business Case?
A
The justification for undertaking the project.
2
Q
What’s the purpose of a Business Case? (4 points)
A
- Evaluate benefit, cost, risk of alternatives and chosen solution
- Communicate resources, commercial strategy and capital investment necessary
- Obtain management approval
- Determine whether project should proceed
3
Q
Who owns the Business Case?
A
Project sponsor
4
Q
At what stage/s should the Business Case be reviewed?
A
At the start of each project life cycle stage to ensure objectives are being achieved
5
Q
What should the reviewed alongside the Business Case? (2 points)
A
- Project brief
- Project Execution plan
6
Q
What are the contents of the Business Case? (14 points)
A
- Executive summary
- Strategic case
- Economic options
- Benefits
- Compromises
- Timescale
- Cost and performance analysis
- Resources
- Risks and opportunities
- Planning information
- Acceptance criteria
- Benefits realisation
- Procurement strategy
- Project review and assurance process
