Lean Six Sigma certification courses | Knowledge Train

li>The strong>PMBOK® Guide> (latest edition)

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For those of you interested in li>PMI’s

project managementstrong>Authorised Training Partners (ATPs)

, the project management methodology known as >

PRINCE2>
focuses its decision-making on a project on having a viable business case.li>Practice exams and exam content outlines
Business case examples>

We will now give you 2 business case examples. The first example is one which you might find useful for taking decisions in your personal life. The 2nd business case example is more business focused project.>Business case example 1: Moving homep>These official materials are the best way to prepare effectively and stay up-to-date with PMI’s standards.Suppose you and your spouse are considering moving to a new home. You will need to weigh up the pros and cons of moving. This is done using a business case. You might not call it that, but that’s what it is. Let’s look at an example.>"}}]}]}]}Reason

As you can see from the example, the first thing to be clear about in a business case is the reason for doing the project or activity. In this example, the couple has answered the question Related articles

Why?

In fact, there are two problems here – the local school and John’s long commute.
Options considered
A business case should weigh up the competing options which have been considered. After all, there is usually more than one option. Perhaps an alternative option would have been for John to change his job to one nearer their current house. However, this wouldn’t solve the issue with the school.

Benefits The benefits of a project or activity are the positive things you’re going to get back in return for your investment of time and money. In this case, the kids will get a better education, and John will save time each day.Timescales It’s also important to understand how long the investment of resources will take. This is so that the organisation (or family in this case) knows when the resources will be freed up to work on other

or activities.

There are usually 2 timescales to consider. First, the timescale of the project or activity – in this case 3 months to find a new house and move there. Second, the time over which the benefits shall be realized. In this case it’s 5 years until the kids leave school.