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PRINCE2 (TM) Business Case by Mind Map: PRINCE2 (TM) Business Case
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PRINCE2 (TM) Business Case

Expected Dis-benefits

Describing the quality techniques and standards to be applied, and the responsibilities for achieving the required quality levels

[Document any outcomes perceived as negative by one or more stakeholders. For example, a decision to merge two elements of an organization onto a new site may have benefits (e.g. better joint working) and dis-benefits (e.g. drop in productivity during the merger). Log dis-benefits value them and incorporate into the investment appraisal]

Costs

A summary of the project costs (taken from the Project Plan), the ongoing operations and maintenance costs and their funding arrangements

[Summarise the project costs (taken from the Project Plan), the ongoing operations and maintenance costs and their funding arrangements]

Document information

Project Name

Date

Release

Author

Owner

Client

Document Number

Revision, Approvals & Distribution

Overview

Purpose

Contents

Advice

Executive Summary

Highlight the key points in the Business Case, which should include important benefits and the return on investment (ROI).

[Highlight the key points in the Business Case, include important benefits and the return on investment (ROI)]

Reasons

Defines the reasons for undertaking the project and explains how the project will enable the achievement of corporate strategies and objectives

[Define the choice of solution that will be used in the project to deliver the business option selected from the Business Case. Take into consideration the operational environment into which the solution must fit]

Business Options

Analysis and reasoned recommendation for the base business options of: do nothing, do the minimal or do something

[Provide analysis and reasoned recommendation for the base business options of: do nothing, do the minimal or do something]

Expected Benefits

The benefits that the project will deliver expressed in measurable terms against the situation as it exists prior to the project. Benefits should be both qualitative and quantitative. They should be aligned to corporate or programme benefits. Tolerances should be set for each benefit and for the aggregated benefit. Any benefits realization requirements should be stated

[Describe the benefits that the project will deliver in measurable terms against the situation as it exists prior to the project. Benefits should be qualitative and quantitative and aligned to corporate or programme benefits. Tolerances should be set for each benefit and for the aggregated benefit. Include any benefits realization requirements]

Timescale

The period over which the project will run (summary of the Project Plan) and the period over which the benefits will be realized. This information is subsequently used to help timing decisions when planning (Project Plan, Stage Plan and Benefits Review Plan)

[Document the period over which the project will run (summary of the Project Plan) and the period over which the benefits will be realized.]

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Attribution

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Investment Appraisal

Compares the aggregated benefits and dis-benefits to the project costs (extracted from the Project Plan) and ongoing incremental operations and maintenance costs. The analysis may use techniques such as cash flow statement, ROI, net present value, internal rate of return and payback period. The objective is to be able to define the value of a project as an investment. The investment appraisal should address how the project will be funded

[Compare the aggregated benefits and dis-benefits to the project costs and ongoing incremental operations and maintenance costs. The objective is to be able to define the value of a project as an investment and address how the project will be funded]

Major Risks

Gives a summary of the key risks associated with the project together with the likely impact and plans should they occur

[Summarize the key risks associated with the project together with the likely impact and plans should they occur]