Business Case Flashcards
What is an output?
One of the products delivered during the product. Can be tangible or intangible.
What is an outcome?
The change that a product delivers.
What is a dis benefit?
It is an outcome that is perceived as negative by one or more stakeholders.
When do you verify the outline business case?
At the end of the pre-project stage and before the initiation stage.
When do you verify the detailed business case?
At the end of the initiation stage and before the other delivery stages.
How often do you update the business case?
At the end of each stage.
Who owns the business case?
The executive
Should the business case include risks?
Only the major risks - catastrophic.
Who oversees the development of a viable business case?
Executive
Who specifies the benefits upon which the business case is approved?
Senior user
Ensuring that a law firm working on a contract between the singer and record company will make a profit. Whose responsibility is it? And why?
Senior supplier - they are accountable for suppliers business case.
Who monitors finance against agreed budget?
Project assurance
Should another’s business justification (profit) be documented in our business case?
No - shouldn’t be part of our business case.
Can we ask someone else with knowledge to specify how much profit the project should make?
No - the senior user should be accountable for specifying the benefits which justify the project
