October 2009
Beginner to intermediate
256 pages
5h 26m
English
book
Project Portfolio Management: A View From The Management Trenches
by The Enterprise Portfolio Management Council
Content preview from Project Portfolio Management: A View From The Management Trenches
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10.7. LINK TO THE BUSINESS CASE
A business case is far more than just a cost/benefit analysis (CBA). Unfortunately, the term "business case" has been used so often that people have begun to equate it with a CBA only. But done right, the business case becomes a key opportunity for the leadership to discuss where the business is going and how the particular project being described in the business case fits into the project portfolio.
Foundational PrincipleThe business case is more than just financial analysis. |
The business case is one of three essential deliverables to the decision board from the project manager and sponsor. The other two are the project proposal and the project plan. Hey, another set of Ps! Yes, that's true, but these Ps are not part of the PPM Design.
Let's finish up here. As we said, the three deliverables in the PPM process are the project proposal, business case and project plan. Each requires a different amount of effort, but all three have some key elements in common. Each one addresses the decision criteria set forth in the PPM process, just from a different perspective.
The proposal is just a high-level, rough-order-of-magnitude look at a project idea.
The business case and project plan are the detailed analysis done to address the decision criteria for approval to be part of the portfolio and implementation.
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