4 Business Case Flashcards
1
Q
What tools and techniques can be used to determine the factors that influence a business case?
A
PESTLE
SWOT
VUCA
2
Q
Why is it important to regularly review the business case?
A
Justifies the continued investment into the project (investment must remain aligned to benefits)
Enables PM to agree success criteria with stakeholders and project sponsor
Can check against progress in decision gates
Identifies whether or not projects are viable
3
Q
What are the 5 elements of the business case?
A
Strategic (case for change)
Economic (return on investment)
Commercial (procurement)
Financial (affordability)
Management (governance structure, lifecycle etc).
