Module 6 - Business case theme Flashcards
purpose of the business case theme ?
Purpose of the business case theme: To establish mechanisms to judge whether the project is, and remains, desirable, viable and achievable to support decision making in its continued investment
The business case theme relates to which principle ?
Continued justification principle
What is an output ?
A specialist product that is handed over to a user
What is a Dis-benefit ?
Measurable decline resulting from an outcome perceived as negative by stakeholders
What is a net-benefit ?
Benefits minus the dis-benefits
Business case is used to document:
Business justification for undertaking a project, based on estimated costs against the anticipated benefits
The business case is ____ and _____ at the end of each management stage
Reviewed and updated
What is the business cases form in the SU process
Outline business case
Provide the composition of the business case:
Executive summary
Reasons
Business options
Expected dis/benefits
Timescales
Costs
Investment appraisal
Major risks
What is the business case minimum requirements ?
Create and maintain business justification – business case
Review and update business justification in response to decisions and events that might impact desirability, viability, and achievability of the project
Define management actions put in place to ensure expected outcomes and benefits
Define and document roles and responsibilities for business case and benefits management
Discuss where in the process is the business case information used
SU - Outline business case
IP - Detailed business case and BMA
MSB - business case and BMA updated with new information and submitted to board for approval
CS - Business case and BMA updated
CP - Business case to see benefits has been realised, BMA lives on containing benefit realisation activities
What is the business case used for ?
Documenting the business justification for undertaking the project
What’s is the purpose of the benefits management approach
Define the actions that will be put in place to ensure the project’s outcomes are achieved
