Business Case Report
A Business Case Report is an analysis report that presents an argument for a project.
- Context:
- It can be the output of a Business Casing Task.
- It can (typically) be read by a Decision Maker.
- It can articulate a clear path to a Return on Investment.
- It can (typically) include:
- …
- Counter-Example(s):
- See: Software Upgrade, System Performance, Customer Satisfaction, Project Management, Gap Analysis, Project Manager, Product Stakeholder.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/business_case Retrieved:2014-10-9.
- A business case captures the reasoning for initiating a project or task. It is often presented in a well-structured written document, but may also sometimes come in the form of a short verbal argument or presentation. The logic of the business case is that, whenever resources such as money or effort are consumed, they should be in support of a specific business need. An example could be that a software upgrade might improve system performance, but the "business case" is that better performance would improve customer satisfaction, require less task processing time, or reduce system maintenance costs. A compelling business case adequately captures both the quantifiable and unquantifiable characteristics of a proposed project. Business case depends on business attitude and business volume.
Business cases can range from comprehensive and highly structured, as required by formal project management methodologies, to informal and brief. Information included in a formal business case could be the background of the project, the expected business benefits, the options considered (with reasons for rejecting or carrying forward each option), the expected costs of the project, a gap analysis and the expected risks. Consideration should also be given to the option of doing nothing including the costs and risks of inactivity. From this information, the justification for the project is derived. Note that it is not the job of the project manager to build the business case, this task is usually the responsibility of stakeholders and sponsors.[1]
- A business case captures the reasoning for initiating a project or task. It is often presented in a well-structured written document, but may also sometimes come in the form of a short verbal argument or presentation. The logic of the business case is that, whenever resources such as money or effort are consumed, they should be in support of a specific business need. An example could be that a software upgrade might improve system performance, but the "business case" is that better performance would improve customer satisfaction, require less task processing time, or reduce system maintenance costs. A compelling business case adequately captures both the quantifiable and unquantifiable characteristics of a proposed project. Business case depends on business attitude and business volume.
- ↑ Building a Project’s Business Case PM Hut, 8 January 2009