In prince2, the business case outline document is created during the preproject process of starting up a project. Sample business plan employee wellness program for location va hospital. A business case document is a formal, written argument intended to convince a decision maker to approve some kind of action. For internal projects, the business case can be written by the person considering the project. The npv is the criterion most often used for deciding whether an it project can be justified on economic. To create a business case from this template, simply do the following. In addition, it can be brief or lengthy depending upon the size of the processproduct and the interest you want to gain from the entrepreneur, client or stakeholder. Business case analysis team this section describes the roles of the team members who developed the business case. A business case is the first step in gaining approval for a project. The basic contents that you need as a minimum for any project are. When approved, the business case becomes the foundation for the project or programme as it. Business executives actually argue that the more complex a proposed project is. Project level data for business cases may include annotated engineering reports, water or energy audit. A good business case captures and documents the reasoning for starting a new project.
A wellcrafted business case explores all feasible approaches to a given problem and enables business owners to select the option that best serves the organization. By justifying the means and the ends, this can be a. A business plan will show your ideas and include marketing plans and research, a swot analysis, and even outline how much capital funding you may need for investors. The new investor would be invited to discuss the quantity and quality of the stock to be issued, before the incorporation procedures are started. The business case justification clean energy project builder. Identify and describe the business or system needs to be satisfied by the project. The business case is the key document for a project manager it is both the justification for their activities and a benchmark by which the project benefits will be measured. The following four steps will show you how to write a business case. A business case analysis is made to present ways on how the requirements of a program or a project can be. The business case is developed during the early stages of a project. This can be copied into the business case from the financial template if preferred, though the standard method of delivering the financial template should be to deliver the spreadsheet as a separate document rather than copying it into this business case document. Quantify the impact of recommendations provide analysis to support and justify the. The purpose of a business case contrasts with that of a project proposal, which provides a highlevel outline of what you want to initiate and its benefits to the company, or that of a project plan, which explains how you execute a project.
Our free business case template provides a sound foundation for developing the business case for your next project. Read developing a business case for renewable energy at. Click the pdf or doc icon below to download the template in your chosen format. Creating a pmo business case through a business analysis. Such examples help demonstrate what successful cases do correctly, and how these can be applied to your project.
Hurons business cases are structured proposals that outline the benefits and considerations of an initiative to add informational and analytical value to decision making. Creating a pmo business case through a business analysis approach. The business case also clarifies all the expectations as well as any misunderstandings or disagreements regarding the goals and objectives. You will know what your goals are, have a way to present them to others and to keep. A case study can focus on a business or entire industry, a specific project or program, or a person.
This then gives validation for why the project there is a need for the project to start. All new businesses or potential business ideas do need a business planbut, as you will see in our business case examples, a business plan is not the same thing as a business case. Replace the title on the cover page with the name of the organization, the name of your project, and the document type. The design phase sets rules for including or excluding specific costs. A business case analysis is made to present ways on how the requirements of a program or a project can be provided in a timely manner to ensure the smooth flow and effectiveness of the entire program life cycle. The business case is not defined until the business objectives addressed by the proposed project are described. A business case also known as a business need defines a problem or opportunity, measures the effect of a project that solves a problem or exploits an opportunity, and clarifies the costs and benefits of a proposed plan. A business case would move the conversation from what are we going to build. You have identified embaglobal as the right programme for your professional development, and want to. The business case should provide a transparent case in support of the recommended decision. Since this howto guide covers a lot of ground and is a long read you may want to check out the table of contents below for. A business case helps to determine whether or not a project justifies an organizations investment into a project. Cdc unified process practices guide business case up version. For business, theres no better way of telling the world the potential or even the actual value of the product and services you sell than presenting case studies that validates your claim through following guidelines for case study as they contain more than just your testimonials by being able to show reallife examples of how you deal with, and achieve customer satisfaction.
Guide project management institute, 2008 defines a project management office pmo as an. For external projects, the business case is written by the requesting organization. To project your business to a potential decision making body, it is essential to have a business case template. Through a wellconsidered business plan, stakeholders and investors can. How to develop a business case for your project techrepublic. Finally, every business case must take care when considering who the case will be presented to. Business case example forests, lands, natural resource. Optimism bias and risk in the early versions of the business case, when risk management proposals are relatively underdeveloped, optimism bias allowances will be higher than in latter versions when well.
The purpose of a project business case is to provide justification for a project to be undertaken. Guide to developing the project business case i contents forewordv editors note vii chapter 1. Information technology business case development pdf. A business case should demonstrate that the information contained within it has been carefully considered and analyzed to present the best possible solution that. Much like a business plan, your business case should follow a certain format. By justifying the means and the ends, this can be a critical document that can make or break your career in the firm. A business case explains why stakeholders should invest in a project.
You can adjust the contents of the business case to suit the project and also any organisational standard or methodology youre using. It will provide potential lenders with detailed information on all aspects of the companys past and current operations and provide future projections. Above all, the executive summary must demonstrate a clear understanding of the potential clients needs. How this manifests itself will differ from one project to another and from one organization to another, depending on the complexity of each. Once complete, it will give you a very tangible way to justify your project to executive management and sponsors.
Vavha employee health promotion disease prevention guidebook, july 2011 enclosure 12. Regardless of how small a project may seem, it is important to take the time to consider why the project is worthy of time and. Business case template rtf document 747 kb you can also use the companion document, business case guide, for more information. A case study should include background information on the specific topic, an analysis of the case under student showing problems or effective strategies, as well as recommendations. You need a business case when you have to justify a resource or expenditure on a project. The following individuals comprise the business case analysis team. This template is designed so that it can be used as a guide when writing a business case to ensure that your project is presented in a persuasive and coherent manner. The business case answers the following questions about the project and also ensures projects with unrealistic. Broadly these objectives, which are usually defined as part of the business case and set out in the project brief, must meet three fundamental criteria. As provided for in these new guidelines, a copy of this business case is being sent to abcs value analysis repository for use, as needed, by future business case development teams. Second, the business plan is a requirement if you are planning to seek loan funds. The business case is also the key document of the project portfolio management process and, as such, is the document used by the organisations project investment committee.
The benefits should be measured as progress towards the business objectives the project is intended to support. The text of a business plan must be concise and yet must contain as much information as possible. Starting a new business project is a combination of risk and reward. Usually, a business case analysis is developed by the stakeholders of the business or a project.
Save your document with a file name that is in accordance with current branch document naming standards. Business case executive summary the executive summary demands a whole different approach to writing than the rest of the proposal, one that balances efficient delivery of key information with a persuasive, wellsubstantiated pitch. One of the key documents needed in project management is the business case. We wish to thank the committee for this opportunity. If the organizations has a project management office, that responsibility may fall on an internal project or program manager. A business case template is a tool that assists in the development of a wellconsidered business case. Whether youre starting a new project or midway through one, take time to write up a business case to justify the project expenditure by identifying the business benefits your project will deliver and that your stakeholders are most interested in reaping from the work. Enterprise directory services business case and funding proposal ed business plan final. Viewing a business case example can be helpful in illustrating how key elements of the structure for business cases and presentations are properly used.
Use this template to provide a detailed business case for your project. It is imperative that participants and roles are clearly defined for the business case as well as throughout the life of the project. Project level data for business cases may include annotated engineering reports, water or. In the project business case example provided above, weve attempted to show an early stage business. With the help of these free templates you have the choice of being both thorough and professional. Solutions for capital project delivery improvement. Starting a new venture is always risky, but once a blueprint is laid out and a clear plan is set, then the project can attain steady progress. During the process of initiating a project, the business case refined to more detail is developed further. Some of the sections may need to be altered to reflect the nature of the project and the culture of. Its primary purpose is to provide the information necessary to determine whether or not a project is justified. How to write a business case with business case examples.
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