The Benefits Of Writing A Business Case

An effective business case can secure the resources you need to get your project off the ground.

1995 survey by the Standish Group found that, in IT, more than 83% of all project investments fail to meet their economic goals.

A well-planned business case can make the members of your organization aware of impending problems or opportunities.

An effective business case can secure the resources you need to get your project off the ground.

Securing the resources for a project can be the first step toward achieving goals that benefit your company and your career.

A good business case is an asset in all stages of a project's life cycle.

It is used for:

GETTING FINANCIAL SUPPORT

At the initial stages, the business case can be instrumental in obtaining the necessary funding and resources.

EXPLAINING PROJECT BENEFITS

A business case explains benefits and gets support of end users.

KEEPING THE PROJECT FOCUSED

When the project is in development, the business case keeps the project focused on the original plan.

GETTING EXECUTIVE SUPPORT

The business case can get continuous executive support. This provides the moral support and conceptual support required to sustain a project.

SERVING AS A FOUNDATION

If elements of the project do not conform to what is outlined in the business case, they can be modified as soon as the discrepancy between the work in progress and the outcome required by the business case is spotted.

QUESTION

Identify the benefits of writing an effective business case.

1. It can secure the resources required to develop the project
2. It can explain the benefits and get support for the concept
3. The business case keeps the project focused on the original plan
4. It can be used as a press release
5. It serves as a standard to determine the progress of the project at each stage in its development

A well-written business case can secure the funding and resources required for a project.

A well-written business plan can provide an overview of an upcoming project.

The business case document can help to keep everyone focused on the goals of the project.

The business case can help to outline the reason for starting a project and to obtain the necessary resources, but it is not intended as a marketing document.

The business case states the project's aims and can be used to ensure that the project stays on track.

A business case can make the members of your organization aware of impending problems or opportunities and it can secure the resources necessary to get a project off the ground.

A good business case is an asset in all stages of a project's life cycle.

I have been teaching and training agents, team leaders, supervisors, managers and admins of call centers and other businesses in BPO related fields. This series, comes as a result of that experience. I have more than 4,000 modules that I plan on sharing here. This is # 006-01

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