10 Mar Based on the readings and resources and lecture materials for the week write a Business Case for your project.? Remember a Business Case is a proposal!?? Use the Business Case and Proje
Based on the readings and resources and lecture materials for the week write a Business Case for your project. Remember a Business Case is a proposal!
Use the “Business Case and Project Proposal Outline” template to complete the assignment and submit to Blackboard.
Refer to the attached document for assignment details and grading rubric.
PMG501 – Scope Project Management
Business Case and Project Proposal Outline Template
Business Case and Project Proposal: [Your Proposed Project Name Here]
(Note: the text in RED is designed to help you write your Business Case. Please remove all red text before submitting your assignment.)
1. Business Background
· In this section, use 2 to 3 paragraphs to explain the current situation that has prompted this project proposal. In other words, “tell the story” about where this proposed project has come from: what problems, needs, or situation has caused us to consider this project at this time?
2. Business Requirements
· Using the guidelines and examples contained in this week’s lecture material and readings, write at least 3 specific BUSINESS requirements for this proposed project.
· Recall that a business requirement is a clear statement of the CAPABILITY we need to have (the problem to be solved), and isn’t focused on a particular solution. Even if your case study project has already started (or has finished), remember that a Business Case is written during the project initiation phase – so, if this were a ‘real world’ business case, the project wouldn’t have actually started yet (we wouldn’t necessarily know the project had already been approved.)
· Try writing your business requirement statements so that they begin with the phrase “we require the capability to …” in order to avoid identifying a specific solution (the next section focuses on the specific solution.)
3. Description of Proposed Project/Solution
· In this section, describe the specific PROJECT you’ve chosen for your case study. At a minimum, describe at least 5 key features, functions, or characteristics the output of this project will have. (If you described this project verbally in a conversation, how would you describe it?) Although not required, you may find using a bulleted list to be helpful.
3.1 Solution Benefits
· Describe at least 3 benefits associated with this project, and at least 1 of your 3 benefits must be expressed in monetary terms.
3.2 Solution Costs
· Describe at least 3 costs associated with this project, and at least 1 of your 3 costs must be expressed in monetary terms.
3.3 Solution Risks
· Using the Risk Identification syntax included in this week’s lecture materials (“due to the fact that…there is a risk that…which would result in…”), identify at least 5 risks associated with this project.
· For each risk you identify, also indicate whether you believe the risk has high, medium, or low impact to the proposed project if the risk occurs.
4. Analysis of Alternatives
· In this section, identify and describe at least 2 other potential projects or solutions that could also satisfy the business requirements you listed in section 2 of this Business Case.
· What are some of the costs, benefits and risks associated with each alternative? Why is your proposed project (your case study) a better project to pursue than the other alternatives?
5. Final Recommendation
· In this section, briefly summarize whether you believe your proposed project (your case study) should be approved for initiation, and why.
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,
PMG501 – Scope Project Management
Business Case and Project Proposal Outline Template
Business Case and Project Proposal: [Your Proposed Project Name Here]
(Note: the text in RED is designed to help you write your Business Case. Please remove all red text before submitting your assignment.)
1. Business Background
· In this section, use 2 to 3 paragraphs to explain the current situation that has prompted this project proposal. In other words, “tell the story” about where this proposed project has come from: what problems, needs, or situation has caused us to consider this project at this time?
2. Business Requirements
· Using the guidelines and examples contained in this week’s lecture material and readings, write at least 3 specific BUSINESS requirements for this proposed project.
· Recall that a business requirement is a clear statement of the CAPABILITY we need to have (the problem to be solved), and isn’t focused on a particular solution. Even if your case study project has already started (or has finished), remember that a Business Case is written during the project initiation phase – so, if this were a ‘real world’ business case, the project wouldn’t have actually started yet (we wouldn’t necessarily know the project had already been approved.)
· Try writing your business requirement statements so that they begin with the phrase “we require the capability to …” in order to avoid identifying a specific solution (the next section focuses on the specific solution.)
3. Description of Proposed Project/Solution
· In this section, describe the specific PROJECT you’ve chosen for your case study. At a minimum, describe at least 5 key features, functions, or characteristics the output of this project will have. (If you described this project verbally in a conversation, how would you describe it?) Although not required, you may find using a bulleted list to be helpful.
3.1 Solution Benefits
· Describe at least 3 benefits associated with this project, and at least 1 of your 3 benefits must be expressed in monetary terms.
3.2 Solution Costs
· Describe at least 3 costs associated with this project, and at least 1 of your 3 costs must be expressed in monetary terms.
3.3 Solution Risks
· Using the Risk Identification syntax included in this week’s lecture materials (“due to the fact that…there is a risk that…which would result in…”), identify at least 5 risks associated with this project.
· For each risk you identify, also indicate whether you believe the risk has high, medium, or low impact to the proposed project if the risk occurs.
4. Analysis of Alternatives
· In this section, identify and describe at least 2 other potential projects or solutions that could also satisfy the business requirements you listed in section 2 of this Business Case.
· What are some of the costs, benefits and risks associated with each alternative? Why is your proposed project (your case study) a better project to pursue than the other alternatives?
5. Final Recommendation
· In this section, briefly summarize whether you believe your proposed project (your case study) should be approved for initiation, and why.
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