Business Case

Question 1

Purpose of the
business case practice

Answer 1

The purpose of the business case
practice is to establish mechanisms
to judge whether a project is (and
remains) desirable, viable,
and achievable.

Question 2

The relationship between outputs,
outcomes, and benefits

Answer 2

Saved

Question 3

Business case lifecycle

Answer 3

1> Project Mandate
Provided by the business and sets
expectations and constraints
2> Project
brief
Contains the outline business
case in response to the
mandate
3> Business Case
Provides the full business case
in response to the project brief

Question 4

Effective business case management

Answer 4

Aligning products to business
objectives and tolerances
To realize the benefits, the
outcomes must be achieved
through the outputs being used as
intended, new capability defined
and barriers overcome.

Establishing business
justification
There will be trade
offs between
the seven aspects of the project’s
performance targets.

Question 5

Management products

Answer 5

• Project brief
• Business case
• Benefits
  management
  approach
• Sustainability
  management
  approach

Question 6

The benefits management
approach

Answer 6

The benefits management
approach defines the
management actions that will
be put in place to ensure that
the project’s outcomes are
achieved and to confirm that the
project’s benefits are realized.

Question 7

Sustainability management
approach

Answer 7

Actions, Reviews, Controls
Achievement
of project
sustainability
performance
targets

Question 8

Applying the principles

Answer 8

Business Justification
Lessons
Products
Responsibilities
Complex
Stages
Tolerance