Expert project management tip from The PROJECT GENERAL COMPANY, Jakarta
Why is the business case important for project management?
The business case captures the reasoning for initiating a project or task. It is the information needed BEFORE authorization of the project.
Business case development is a step that companies often use for project selection. It analyses how fulfilling the business case for the project will implement the corporate strategy and sustain the competitive advantage of the company.
The business case can further be developed with the addition of more details. You can convert the business case to action steps and major milestones in order to develop a plan that will guide your venture through the entire project life cycle, including that of the project outcome.
Key benefits of the Business Case
The business case is a key input to the project management plan and is usually owned and created by the project sponsor.
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