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- BCS accredited training partner for Business Analysis.
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Knowledge Train is an MSP Accredited Training Organization. Knowledge Train is a PRINCE2 Accredited Training Organization.
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Knowledge Train is a Better Business Cases Accredited Training Organization.
Knowledge Train is an AgilePM Accredited Training Organization. Knowledge Train is a PRINCE2 Agile Accredited Training Organization. Knowledge Train is a Lean Six Sigma Accredited Training Organization.
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Better Business Cases Practitioner (with Foundation) course
aligned with the business case? (e.g. are the costs and timescales in the project plan correctly reflected in the business case?)
Are the benefits clearly identified and justified?
Is it clear how the benefits will be realized?
Is it clearly defined what will judged a successful outcome?
Is the preferred business option clearly stated, along with the reasons why?
If the project requires external procurement, is the preferred sourcing option stated, and why?
Is it clearly stated how any necessary funding will be obtained?
Does the business case include non-financial, as well as financial criteria?
Does the business case include operations and maintenance costs and risks?Does the business case include project costs and risks?
Does the business case conform to organisational accounting standards (e.g. break-even analysis and cash-flow conventions)?
Are the major risks faced by the project explicitly stated, together with any proposed responses?How do you write a good business case?A good business case must contain certain key information including:The reasons for doing the project;
The business options which have been considered, including the base business options of do nothing, so something, or do something else;Project and operational costs;Project and operational timescales;
Benefits, expressed in measurable terms;
Investment appraisal (or cost benefit analysis);
Major risks and their mitigation plans;
How long is a business case?A good business should be long enough that it contains all the information needed for the decision-makers to take an informed decision about whether to invest in the project. That means, remove any waffle, and only include information which helps decision-making.What’s included in a business case?
The following are the most important items to put into a business case:
Executive summary – summarizes the key points;
Timescales – for the project and for realizing benefits – (answers the question ‘How long will it take?’);
Knowledge Train is a Change Management Accredited Training Organization.Investment appraisal – weigh up costs, times, risks against benefits – (answers the question ‘Is it worth it?’); Major risks – (answers the question ‘What if?’).Knowledge Train is an MSP Accredited Training Organization.What is a business case template?
A business case template serves as a starting point when writing a business case. It is reusable and can be used across all your projects. Depending upon its needs, your organisation may have different business case templates, each one used for different scales of projects.
AXELOS Peoplecert accredited training organisation for ITIL (IT Infrastructure Library).You can download an example business case template hereAXELOS Peoplecert accredited training organisation for ITIL (IT Infrastructure Library)..
What is the purpose of a business case?
Knowledge Train is an AIPGF Accredited Training Organization.The purpose of a business case is simple – it’s used to justify an investment in an activity. Typically, in an organisation this activity is a project. It helps give confidence to management that their investment is worthwhile and will realize benefits for the organisation.
Who owns a business case?
Knowledge Train is an AIPGF Accredited Training Organization.A business case is owned by the person who is funding the project. The name of this role is different across organisations, but commonly this role is known as a project sponsor, or project executive.
By owning the business case, it means this person is accountable for ensuring that any investment decisions which are taken based upon the information within the business case are worthwhile.
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