Business case

• Defined
  • Purpose
  • Business Case defined
  • Outputs, outcomes and benefits
  • Types of Business Case
• Approach
  • Overview
  • Developing the Business Case
  • Verifying and maintaining the Business Case
  • Confirming the benefits
• Approach - The contents
  • Typically contains
  • Reasons
  • Business options
  • Expected benefits
  • Timescale
  • Costs
  • Investment appraisal
  • Major risks
• Responsibilities

Key sections

• Introduction
• Business case
• Organization
• Quality
• Plans
• Risk
• Change
• Progress
• Introduction to processes
• Starting up a projectDirecting a project
• Initiating a project
• Controlling a stage
• Managing Product Delivery
• Managing a Stage Boundary
• Closing a Project
• Tailoring PRINCE2 to the project environment
• Directing Projects with PRINCE2

The PRINCE2® approach

The contents

Major risks

Any opportunity is likely to be offset by an element of risk.
Therefore in order to make the judgement of ‘business justification’, the Project Board needs to understand not only the benefits and the project costs, but the set of risks that may either reduce/enhance the benefits or reduce/increase the cost.

The Business Case should include a summary of the aggregated risks (and it is suggested that this is in the form of a summary risk profile) and highlight the major risks that will have an effect on the business objectives and benefits (therefore covering both the project delivery and the ongoing operations and maintenance).
For example, the risks for the office relocation could include unforeseen moving costs (e.g. asbestos removal) or impact on business continuity (e.g. loss of key staff unwilling to relocate).

PRINCE2® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries.