Introducing the five elements of a Business Case document.
LAST UPDATED ON: 27TH AUGUST, 2019
A Business case document is a documented feasibility study used to establish the validity of a selected component lacking sufficient definition and that is used as a basis for the authorization of further project management activities. In this article, I want to talk about four major elements of a business case document that is contained in a business case document.
#1 What prompts the action
One of the major elements of a business case document is the determination of what is prompting the action in the first place. With the business case at your disposal, you will be able to have a true picture of what is happening to the business. This will allow the Sponsor or the Project Manager to decide on the next line of action.
#2 Situation attachment
Another element of a good business case document is the situational analysis instrument documenting the business problem or opportunity to be addressed including the value to be delivered to the organisation. Projects are being executed for two main reasons. It might be to explore an opportunity or a problem. The Business case will tell you why a project is been executed.
#3 Stakeholder Identification
Another major element of a business case document is stakeholder identification. Stakeholders are individuals that are going to be affected positively or negatively or negatively by a project. The business case will assist you in identifying those that will be impacted by the problem or enjoy some of the opportunities that the project offers.
#4 Scope Identification
A scope is “what is”and “what is not”part of a document. With a Business case, you will have an understanding of the high-level scope of a document. You will know some of the solutions that the projects plan to offer. It is the solution that will determine the scope that the project will have. This will assist the Project Manager in determining the requirements for the project.
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