Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
BUSINESS CASE TEMPLATE BUSINESS CASE PROJECT TITLE Business Case Version Status draft/ready for review/approved/authorised This template is for the purpose of creating a Business Case that will provide senior management with information needed to decide whether the project is desirable, viable and achievable and therefore worthwhile to invest in. Where there are more projects competing for the same resources, the Business Case can help with the prioritisation of these projects. Every project requires a Business Case, which is created in outline1 at or even before the start of the project. It is updated during initiation and maintained throughout the project. The Business Case forms the basis against which the success of the project can be measured and must show that doing the project provides value, i.e. that the expected benefits outweigh the cost and risks of doing the project. The outline Business Case is typically produced by the Project Manager with input from senior management2. 1 Reasons Why is the project needed and how does it fit in the overall strategy? Typical reasons include opportunities, problems or legal requirements. 2 Business Options What options have been considered to address the reasons for doing the project (including doing nothing)? Which is the recommended option and why? 1 At the start of a project cost and timescales tend to be ballpark figures and reflect desire rather than reliable estimates. This is why the Business Case can only be created in outline. Information from the Project Plan, which is produced during Initiation, can be used to further refine the Business Case. 2 Senior management is typically represented by a Project Executive, who is ultimately responsible for the project in terms of achieving its objectives. The Project Executive “owns” the Business Case. Version 0.6 BUSINESS CASE TEMPLATE 3 Expected Benefits What are the benefits the project is aiming to achieve and how do they support the overall strategy of the business? 4 Expected dis-benefits What are the inevitable draw-backs (if any) of doing this project that would negatively impact on the overall benefit of doing the project? The cost or risk of doing the project should not be included here but in sections 5 and 7 below. 5 Cost What is the estimated3 or desired maximum cost of the project itself and that of any ongoing operational and maintenance activities? Where is the funding going to come from and when will it be available? 3 At the start of a project this may be a ballpark figure only and will be refined later when the Project Plan has been completed. Version 0.6 BUSINESS CASE TEMPLATE 6 Timescales What is the estimated4 duration of the project or the desired or required date of completion and what are the timescales over which the benefits are expected to be achieved? What is the economic lifespan of the project’s final deliverable? 7 Major risks What are key areas of uncertainty that may impact on the ability of the project to achieve its objectives? 8 Investment appraisal and evaluation5 Does the project provide value for money, i.e. do the benefits of doing the project outweigh the disbenefits, cost and risks? Further guidance may be found here: https://www.projectsmart.co.uk/writing-an-unbeatablebusiness-case.php 4 At the start of a project this may be a ballpark figure only and will be refined later when the Project Plan has been completed. 5 In the outline version of the Business Case, where there is only a rough estimate for cost, it will not be possible to provide a full investment appraisal, so a brief statement explaining why the project will provide value will suffice. Version 0.6