Chapter 9: Business case Theme Flashcards
What is the purpose of the business case theme in PRINCE2?
To establish mechanisms for judging whether the project remains desirable, viable, and achievable, ensuring continued investment justification.
What must happen if the business justification ceases to be valid in PRINCE2?
The executive must stop or change the project following a review by the project board.
How does PRINCE2 Agile approach the business case in a mature agile environment?
A business case may exist within a vision and product roadmap rather than as a formal document.
What role does the product owner play in agile business justification?
The product owner prioritises the product backlog to maximise value, which effectively plays the role of a business case.
What is ‘Sprint Zero’ in an agile project?
A preliminary sprint for upfront activities such as visioning, team formation, and defining the business case.
How does PRINCE2 Agile manage business case flexibility?
By flexing what is delivered, considering benefit variations, and setting tolerances for time and cost after the PID is approved.
What is a Minimum Viable Product (MVP) in PRINCE2 Agile?
The smallest set of features that deliver value and can be put into operational use.
How does PRINCE2 Agile use best-case and worst-case scenarios in the business case?
To determine project viability based on the number of features planned for delivery.
How does agile differ from PRINCE2 in defining success?
Agile focuses on delivering ‘value,’ while PRINCE2 focuses on delivering ‘benefits.’
Why is measuring value in agile projects challenging?
Value is subjective, context-dependent, and may involve multiple factors like revenue, efficiency, and customer satisfaction.
