Business Case

will help you build a Business Case for your project or organization. By completing the sections included within this template, you can document the return on investment for your solution, thereby creating a compelling Business Case for approval by your sponsor. It will help you identify the detailed benefits and costs of your solution, giving your sponsor confidence that the solution recommended is the most viable solution available. This will help you to gain approval of the business case and secure the funding you need, to get started.

By using this Business Case you can:

Research the business problem or opportunity Identify the alternative solutions available Quantify the benefits and costs of each solution Recommend a preferred solution to your sponsor Identify any risks and issues with implementation Present the solution for funding approval

What is a Business Case?

A Business Case justifies the start-up of a project. It includes a description of the business problem or opportunity, the costs and benefits of each alternative solution, and the recommended solution for approval.

When do I use a Business Case?

A Business Case Template is used whenever the expenditure on a project has to be justified. Completing a Business Case Template is usually the first step in the Project Life Cycle. Once the Business Case Template has been completed, it is presented to a Sponsor for approval. The Business Case is referred to frequently during the project, to determine whether it is currently on track. And at the end of the project, success is measured against the ability to meet the objectives defined in the Business Case. So the completion of a Business Case is critical to the success of the project.
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Feasibility Study
It takes you through the process of completing a Feasibility Study by defining the business problem / opportunity, the alternative solutions available and the recommended solution for implementation.

You can also use this Feasibility Study to:

Research the business problem or opportunity Document the business requirements for a solution Identify all of the alternative solutions available Review each solution to determine its feasibility List any risks and issues with each solution Choose a preferred solution for implementation Document the results in a feasibility report

What is a Feasibility Study?

A Project Feasibility Study is an exercise that involves documenting each of the potential solutions to a particular business problem or opportunity. Feasibility Studies can be undertaken by any type of business, project or team and they are a critical part of the Project Life Cycle.

When to use a Feasibility Study?

The purpose of a Feasibility Study is to identify the likelihood of one or more solutions meeting the stated business requirements. In other words, if you are unsure whether your solution will deliver the outcome you want, then a Project Feasibility Study will help gain that clarity. During the Feasibility Study, a variety of 'assessment' methods are undertaken. The outcome of the Feasibility Study is a confirmed solution for implementation
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Project Review Form Initiation Phase

Form is completed at the end of the Initiation project phase to tell the sponsor whether the project has achieved its objectives to date.

First, a Project Management Review is conducted to measure the deliverables produced by the project, then the results of the review are documented on this Project Review form which is presented to the sponsor for approval. Project Phase reviews are conducted at the end of the Initiation, Planning and Execution phases within a project. This form helps you to complete a project review for the the 'Initiation' project phase.

The form helps you to document the results of your Project Review, by stating whether the:
Project is currently delivering to schedule Budget allocated was sufficient at this point Deliverables have been produced and approved Risks have been controlled and mitigated Issues were identified and resolved Changes were properly managed Project is on track

The form helps you to:

Document the results of your Project Review Clearly communicate the progress of your project to your sponsor List any risks or issues which have impacted the project Show sponsor the deliverables produced to date Seek approval to proceed to the next phase

By implementing Phase Reviews, you are putting in place the necessary "check-points" to monitor and control the project, thereby ensuring its success.

What is a Project Review?

A Project Review is an assessment of the status of a project, at a particular point in time. The first time in the project life cycle that a project review is undertaken is at the end of the first project phase, called "Initiation". During this project review, a decision is made as to whether or not the team has met the objectives and is approved to proceed to the next project phase, being the "Planning" phase. Performing a project management review at the

end of each phase is critical to the success of the project, because it allows the Project Sponsor to control the progress of the project and make sure that it passes through each Project Phase smoothly.

When do I complete a Project Review?

As soon as the project team believes they have completed a particular project phase, a project review should be undertaken. There will usually be at least three project reviews during the project life cycle: at the end of the Initiation, Planning and Execution project phases. The template on this page will help you complete a project review for the "Initiation" project phase. The items included in the project review form are targeted towards this phase specifically.