When do I use a Business Case?

Jul 8th, 2015
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Valley City State University
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The Business Case is usually presented by Senior Management within the business to an identified Business Sponsor. It is the first document used in the Project Lifecycle and, once approved, allows the project to be formally defined. Furthermore: • During the development of a Business Case, it may be necessary to undertake a formal Feasibility Study. This process involves a more detailed assessment of the current business problem / opportunity, the various solution options available, the likelihood of a successful implementation for each solution option and the recommended solution option for implementation. The Feasibility Study simply provides the Business Case with more rigor for the solution options presented. • The Business Case is frequently referred to during the project. At each Quality Review point the Business Case is used to determine whether or not the benefits, costs, risks and issues prevalent match those outlined in the Business Case. At the end of the project a Post Imple

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Business CaseFor [Project Name]Document ControlDocument InformationInformationDocument Id[Document Management System #]Document Owner[Owner Name]Issue Date[Date]Last Saved Date[Date]File Name[Name]Document HistoryVersionIssue DateChanges[1.0][Date][Section, Page(s) and Text Revised]Document ApprovalsRoleNameSignatureDateProject SponsorProject Review GroupProject ManagerQuality Manager(if applicable)Procurement Manager(if applicable)Communications Manager(if applicable)Project Office Manager(if applicable)Table of Contents Template Guide11 Executive Summary22 Business Problem22.1 Environmental Analysis (include Business Process as applicable)22.2 Problem Analysis23 Available Options33.1 Option 1 [Option Name]33.2 Option 2 [Option Name]84 Recommended Option94.1 Option Rankings94.2 Option Recommended95 Implementation Approach105.1 Project Initiation105.2 Project Planning105.3 Project Execution105.4 Project Closure105.5 Project Management106 Appendix116.1 Supporting Documentation11Template GuideWhat is a Business Case?A Business Case is a document which outlines the justification for the start-up of a project. It includes:A description of the business problem (or opportunity) which exists in the businessA listing of the available options for delivering a solution to resolve the problemThe benefits and costs associated

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