Why do so many projects fail to meet their objectives despite the implementation of project management best practices? Project management is inherently difficult, but if you don't have enough buy-in from the proper people, it can be disastrous.
A well-written and thorough business case can make all the difference.
A business case is a management tool that allows decision-makers, stakeholders, and the general public to make evidence-based and transparent decisions. It is a framework for delivering and measuring the performance of the succeeding policy, strategy, or project.
In this course, we'll go over what a business case is, how to create one, the different tiers of business cases, and how to evaluate them.
A business case justifies the execution of a project, program, or portfolio. It weighs the advantages, disadvantages, costs, and risks of many alternatives before recommending one.
To obtain the board or management to approve a project, you'll need to create a business case that explains why it's needed and what the project's benefits would be once it's completed.The rationale and benefits of a project may be obvious to you and others who are directly involved with it; however, stakeholders and other decision-makers may not be so aware.They frequently deal with a variety of various business units, objectives, and tasks that must be completed. A well-prepared business case can help your idea stand out among competing priorities inside the corporation, and it may be the key to obtaining permission and funding.