Developing a Business Case

Course Description
Project managers and business analysts must be able to develop and defend a business case by justifying their projects. Additionally, program managers are asked to verify the benefits realization stated in a business case against their programs. Developing a Business Case provides the program manager, project manager and/or business analyst with hands-on practice developing and documenting a project business case. As part of the course, participants receive detailed templates for developing a business case document and the associated economic spreadsheets. Participants then use the templates to develop a business case based on a robust case study.
What You Will Lean

Prepare and document a business case for a discretionary or non-discretionary project
Evaluate business cases using quantitative and qualitative criteria
Compare business cases based on cost/benefits
Prioritize business cases for the purpose of building a project slate

Course Agenda
Purpose of the Business Case

How a Business Case is developed
Project description

Issuing the Business Case

Initially during enterprise analysis
Updated during the solution development life cycle (SDLC)
Upon defining solution requirements (waterfall SDLC)
Iteratively during each solution increment (agile SDLC)
Business Case Analysis and Ranking Projects

Discretionary and nondiscretionary projects

Hurdle rates to filter discretionary projects consideration
Project slate development process
Project Economics
Create a project income stream using cost, benefits and duration
Calculate economic indicators
Payback period
Return on investment (ROI)
Net present value (NPV)
Cost-benefit ratio (CBR)
Internal rate of return (IRR) for a project

Project Portfolio Development

Comparative analysis or criteria-based grid techniques
Evaluate and select projects for execution based on business contributions and economics


Schedule

Course Area Duration Dates Location Price Enrollment