Making a Business Case

 

Making a Business Case: The Business Case in Context

 

• Importance of Projects
• Managing Your Investment in Projects: Portfolio Management Overview
• How Projects Support Strategy
• Business Value and Return on Investment (ROI)
• Definition of Project Success
• Project Selection Process: Using a Business Case
• How the Business Case Adds Value
• Building Project Success

 

Making a Business Case: Business Case Structure and Content

 

• Project Overview and Background
• Problem / Opportunity Qualification
• Project Approach
• Authorization

 

Making a Business Case: Developing Data for the Business Case

 

• Developing Useful Estimates
• Project Costing Tool
• Risk Evaluation Tool
• Financial Analysis Worksheet

 

Making a Business Case: Establishing the Business Case

• Select Projects for Exercises
• Review the Business Case Template
• Exercises: Fill out Each Section of the Template
• Project Overview and Background
• Project Approach Details
  • Effective Estimation with PERT
• Benefit and Cost
  • Demo: Project Costing Tool
  • In-depth Financial Analysis (e.g., NPV, Benefit/Cost Ratio, Payback Period)
• Stakeholders
  • Stakeholder Analysis
  • Project Impact on Stakeholders
• Assumptions and Constraints
• Risk Assessment
• Business Case: Next Steps

 

Making a Business Case: Dealing with Multiple Project Approaches

 

• Objective Methods for Evaluation of Project Approach
• Alignment with Strategy
• Weighted Scoring
• AHP
• Decision Tree

 

Making a Business Case – Wrap-up: Recap and Discussion