1 value analysis of projects 1 - business case (bc) goals a business case (bc) tool within a project...
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Val
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1 - Business Case (BC) Goals
A Business Case (BC) Tool within a Project Management Process
can help us to :
1. standardize high level requirements and expected results for more productivity;
2. measure the maturity of the scope of a requirement before launching a project for more efficiency;
3. take into account requirements not only for end-user satisfaction but also for director satisfaction and in fact for the whole stakeholder integration upstream a project;
4. inventory the benefits and monitor the costs;
5. justify a project with an analysis of the launch reasons and a calculation of the return on investment (ROI);
6. enhance the communication with all the stakeholders and help to promote/sell a project;
7. anticipate risks;
8. share best practices and standardize few master data all over the company;
9. verify the comprehensiveness and the understanding of a requirement with a check-list of questions;
10. clarify and simplify project management.
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2 - BC in a Requirement Management Process
• A high level requirement is managed through 3 sub-processes (P1, P2, P3).
• The Business Case (BC) is associated to a requirement and changes of status (V1, V2, V3).
• We can use a Business Case Tool within an iterative method.
Requirement
S1 Requirement : accepted
P1: CAPTURE a requirement
P2: INVESTIGATE the requirement
S2 Investment : approved
Business Case V1
Business Case V2
Business Case V3
P3 PREPARE a project to launch
S3 Project : prepared
REQUIREMENT MANAGEMENT PROCESS through Porto folio Project Management (PPM)
Business Case
Version Vi
Document Microsoft Word
Feuille de calcul Microsoft Excel
Business case V1 (initiated)
Business case V2 (completed and signed)
Business case V3 (approved)
N.B. the tools can be more sophisticated
But Office tools can be sufficient at a first step
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Val
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BUSINESS CASE TOOL for value-analysis of projects
BC www
Qualitative views
Requirement : high level objectives, costs, benefits, scope, risks, timescales
Categories of Questions
Answers
Quantitative/ Economical view
Risk mastery
Reasons of requirement
Expected results
Scope of requirement
3 - BC functionalities
Scoring views
Decision help
ROI analysis - Restitution
Costs
QuestionsBenefits
Questions
Project to launch
Requirement accepted (BC V1) , Investment approved (BC V2) , Project prepared (BC V3)