A structured proposal for business improvement that functions as a decision package for decision-makers. It should explain why a project is required for the business and what the product or service ...
objective analysis that determines if projected sales and profits justify the estimated expenses of the new product (p. 196)
A structured proposal for business improvement that functions as a decision package for organizational decision-makers. A business case includes an analysis of business process performance and associated needs or problems, proposed alternative solutions, assumptions, constraints, and a risk-adjusted cost-benefit analysis. [GAO
a business plan that explains a new initiative or project inside an existing company
a document that examines alternative solutions to a problem or opportunity, selects the best alternative, and makes the decision-maker completely aware of all dimensions of the issue so that an informed judgment can be made
a formal, specific request for project funds
a good thing to have, even if you don't need it for project justification
a key document, used by management, to define, assess and evaluate the best approach to either proceed or not proceed with a project or initiative
a package of documents containing all the information necessary to fully describe the proposal and to demonstrate that the proposal will deliver a net benefit (that is, benefits exceed costs)
a request for project investment project
a structured method of demonstrating that an expenditure decision proposed by the Department represents best value for money
a tool for making a business decision, because it predicts the organizational consequences of that decision
a tool for providing advice to decision-makers
a tool that supports planning and decision-making for both operational and investment decisions
a tool that supports planning and decision making, including decisions about whether to buy, which vendor to choose, and when to implement
A document and/or presentation that advocates a solution based on its ability to improve the customer's business, and framed according to the executive decision making criteria. Typically includes tangible benefits, intangible benefits, risk assessment and financial analysis, while achieving a strong sense of strategic alignment.
The Business Case forms the foundation for any proposed venture or project. It establishes (in commercial / business terms) the need, justification and proposed alternatives to resolving a business issue or strategic objective. It is the Board of Directors, or most senior members of the organisation, who will demand, receive, review and (eventually) 'sign off' the Business Case.
A structured proposal for business process improvement that functions as a decision package for enterprise leadership. A business case includes an analysis of business process needs or problems, proposed solution, assumptions and constraints, alternatives, life cycle costs, benefits/cost analysis, and investment risk analysis. In some government agencies, a business case is called a Functional Economic Analysis (FEA).
A Business Case is the business justification of the product, including market size, a defensible estimate of the market share expected, and a financial model that shows profit and loss over the life-cycle of the product. Often the Business Case is incorporated into the Product Definition document, but sometimes the product requirements and description may be embedded in a Business Case document. Unfortunately, there is no clear standard among the thought leaders in this profession.
Describes the reasons for doing the project. It should define the financial and other benefits expected from the project and the constraints (cost, time) which the project must operate within. Should also define how project success will be measured.
A method for projecting and documenting the benefits to be gained as a result of investing resources in a given strategy. A business case typically provides a cost/benefit analysis, information on return on investment over time, etc. Business cases tell agencies about the likely consequences of certain actions.
Information that describes the justification for setting up and continuing a PRINCE project. It provides the reasons (and answers the question ‘Why?') for the project. An outline Business Case should be in the Project Mandate. Its existence is checked as part of the Project Brief, and a revised, fuller version appears in the Project Initiation Document. It is updated at key points, such as End Stage Assessments, throughout the project.
A structured proposal for a business need that serves as an investment decision package to improve business operations. A business case consists of a business need, and a technical evaluation.
The results of the business analysis, or up-front homework. Ideally defined just prior to the "go to development" decision (gate), the case defines the product and project, including the project justification and the action or business plan.
information necessary to enable approval, authorisation and policy making bodies to assess a project proposal and reach a reasoned decision
The term business case may be used to describe an internal documented argument for bidding a particular opportunity and will typically focus on the commercial aspects of the bid. The same term may also be applied to a proposal section that is aimed at giving the customer commercial justification for making the purchase.
A document detailing the justification for the business progressing with the project.
The rationale for undertaking a project or programme and justification for committing the necessary resources, setting out the benefits to be achieved. Together with the Project Initiation Document or the Programme Definition Statement provides the baseline against which the project or programme is managed. A business case documents the justification for the undertaking of a project based on the estimated cost of development and the anticipated benefits to be gained. It confirms the project's strategic fit with Business Objectives. It secures senior management and stakeholder commitment from the outset. It is also the vehicle by which the Senior Responsible Owner and Project Board confirm a firm and accepted foundation for a project, prior to the commencement of work and the agreement of resources. It is the case by which the ongoing viability of the project is monitored and will provide a basis for the Project Closure Report and the Post Implementation Review.
The shop owner's account in the Wire Card system. A business case can include various payment solutions and transaction currencies. Every business case has its own business case signature. A customer can have several business cases.
A business case sets out the information needed to enable a manager to decide whether to support a proposed project, before significant resources are committed to its development. The core of the business case is an assessment of the costs and benefits of proceeding with a project. | | | | | | | J | K | | | | | | | X | Y | Z
A creative writing project, the quality of which is directly proportional to your security budget
a document providing a description of the desired technology solution and the anticipated costs and benefits.
A document outlining the justification for initiation of a project. It includes a description of the business problem or opportunity, a list of alternative solutions, their costs and benefits and a recommended solution for implementation.
Structured proposal that justifies a project for decision-makers. Includes an analysis of business process performance and requirements, assumptions, and issues. Also presents the risk analysis by explaining strengths, weaknesses, opportunities, and threats.
The Business case is a very important document in PRINCE2. It is the justification for why a project was initiated and why it continues to run. The Business case is regularly reviewed and updated during the project. If at any time it is deemed invalid - the project will be immediately brought to a controlled end. It ultimately answers the question, â€œWhy is this project worth doingâ€.
A one-off, start-up document used by corporate management to assess the justification of a proposed project, or to assess the development options for a project that has already received funding. If approved, it confirms corporate management support and/or funding for a recommended course of action.
The analysis supporting a proposed action. Typically, a financial analysis of the investments and returns.
Information necessary to get assess benefits of a project against costs and resources to assess whether the proposal should go ahead
A business case is a structured proposal for business change that is justified in terms of costs and benefits. It is a typical prerequisite for the initiation of a large project and is explicitly required by many Project Management Methodologies.