6-Project Management Business Documents Flashcards
Two very important Business Documents which project manager need to ensure while following project management approach are …
1-Project Business Case
2-Project Benefits management plan
Business documents are an integral component to both …
starting a project and to assessing if it should continue.
Business case
a documented economic feasibility study
Business case lists …
the objectives and reasons for project initiation.
Business case helps …
measure the project success at the end of the project against the project objectives
When Business Case is used?
Throughout the PLC
…. often precedes the business case
Needs assessment
Needs assessment involves ….
Understanding business goals and objectives, issues, and opportunities and recommending proposals to address them.
Benefit
A gain realized by the organization and beneficiaries through portfolio, program,
or project outputs and resulting outcomes.”
Benefits Management Plan
The documented explanation defining the processes
for creating, maximizing, and sustaining the benefits provided
by a project.”
The PM should work with the sponsor to ensure that the ……… and the ……… remain aligned throughout the project lifecycle
project charter
benefits management plan
