Preparing the business case involves an assessment of: Therefore, it should be developed incrementally so that time and resources aren’t unnecessarily wasted on the impractical. It should be reviewed by the project sponsor and key stakeholders before being accepted, rejected, canceled, deferred, or revised.ĭepending on the scale of the business change, the business case may need further development as part of a detailed investigation. In contrast, the business case, which is first developed during the project initiation phase, contains much more detail. While the project proposal focuses on why you want a project, it will only contain an outline of the project: One of the first things you need to know when starting a new project are the benefits of the proposed business change and how to communicate those benefits to the business. A business case is developed during the early stages of a project and outlines the why, what, how, and who necessary to decide if it is worthwhile continuing a project.
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