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.
Now your take on this argument.
We would also like to hear what you feel about the topic we discussed today. Your feedback is very important to us. Feel free to drop your comments and recommendations. If you have a contrary opinion, you can drop that too.
You can also join our Facebook Page CRMNigeria for more updates. You can do that by clicking on the link or searching for our page on Facebook.
Click here to Download 5 E-Books that I have taken time to prepare for you.
These E-Books contains formulas that have helped many of my students to nail the PMP Exam. You can also make use of this E-Books. While you are using it if you have questions to ask me concerning the Formulas, feel free to shoot me a mail. I am committed to assisting you to nail your PMP exam. It’s a pledge. You can always count on me as a friend.
PS: For like seven years since I started blogging I have tried many platforms and tools. Some worked and some of them performed below expectation. Here are some of the tools that I will gladly recommend for you any day, any time.
PS: Click on the link below to sign up for my Online E-Course CRM Training. Make sure you confirm your subscription by clicking on the link sent to you. Thanks.
Adeniyi Salau PMP , CCNA R&S , CDMP, CEP, MOS, MCP, CSCU (Project 2016), Microsoft Certified Security and Networking Associate is a Google and Beingcert Certified Digital Marketer, Project Manager and SEO Expert of repute with about a decade of Blogging and online marketing experience. He is always ready to share his experience with others.