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Project Business Case PROJECT BUSINESS CASE Project Identification Project Name: Date: Agency: Business Unit/Program Area: Project Sponsor: Project Manager: Business Need/Problem: Solution (as described
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How to fill out project business case
How to fill out a project business case:
01
Clearly define the purpose and objectives of the project: Identify the desired outcomes and specific goals that the project aims to achieve.
02
Conduct a comprehensive market analysis: Assess the competitive landscape, market trends, and potential risks or challenges that may impact the project's success.
03
Complete a feasibility study: Evaluate the project's technical, operational, and financial feasibility to determine if it is viable and achievable.
04
Identify and analyze stakeholders: List all individuals or groups who have an interest or influence in the project and assess their potential impact.
05
Develop a detailed project plan: Outline the activities, timelines, resources, and milestones required to successfully execute the project.
06
Determine the project's budget and financial projections: Estimate the costs associated with the project, including initial investments, ongoing expenses, and potential revenue streams.
07
Assess and manage risks: Identify potential obstacles or uncertainties that may arise during the project and develop appropriate strategies to mitigate or address them.
08
Conduct a cost-benefit analysis: Evaluate the anticipated benefits and returns of the project in comparison to the associated costs and risks.
09
Consider alternative solutions or approaches: Explore different options and evaluate their feasibility, impact, and potential benefits before finalizing the project plan.
10
Review and seek approval: Present the completed project business case to relevant stakeholders or decision-makers for review, feedback, and approval.
Who needs a project business case?
01
Project managers: They require a project business case to plan, execute, and monitor the project effectively.
02
Executives and decision-makers: They need a project business case to make informed decisions regarding resource allocation, funding, and project prioritization.
03
Stakeholders and investors: They require a project business case to understand the project's potential benefits, risks, and financial viability before committing their support or resources.
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What is project business case?
The project business case is a document that outlines the justification for undertaking a project.
Who is required to file project business case?
The project manager or project sponsor is typically required to file the project business case.
How to fill out project business case?
The project business case is typically filled out by providing information on the project's objectives, scope, costs, benefits, risks, and timeline.
What is the purpose of project business case?
The purpose of the project business case is to provide a rationale for initiating a project and to ensure that it aligns with the organization's strategic goals.
What information must be reported on project business case?
Information such as project objectives, scope, costs, benefits, risks, and timeline must be reported on the project business case.
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