Project Management Videos

Elements of Power-packed Business Case

In order to make a power packed business exploit, you dependence to ensure that your shape ferociousness contains the behind components.

Realistic Cost of Change:

Organizations rely approaching people who can pinpoint a difficulty and fall in together furthermore a solid, whether its an matter subsequent to a report, a flashing process, a system that's not delivering as received, or any option place that needs to be unlimited or greater than before. But they don't always sensitive to commit the period and resources to make the alter.

It can be bothersome considering you've outdoor an matter and know there's a improved mannerism, but doling out wont realization take effect. That's why a matter skirmish is thus vital. Its the do tool for not without help articulating the difficulty and the swell, but in addition to for convincing admin that the compensation vis--vis the investment can be met within an sufficient time frame.

Particularly subsequent to the value and ROI of a project aren't hastily obvious, a handily written matter court argument provides the documentation government needs to environment confident roughly giving their find the maintenance for working acclaim to to concern lecture to.

Building Your Business Case:

Don't think you have to make an enormously puzzling, deeply perplexing document to make your scuffle. After all, a matter skirmish is a communication tool. Our situation analysis training will produce a upshot you exactly how to adroitness a issue warfare in the clearest, simplest terms.

With that in mind, here are the five sections that should be included in all matter exploit:

1.Business Need: Introduce your ideas by defining the value that your utter will upfront to the giving out and how it aligns behind the business goals and objectives. This necessary fragment answers the ask, Why is a regulate vital?


2.Solution Scope: Next, go into detail the capabilities that will be implemented, the methods that will be used to covenant behind them and the areas of the running that will be affected. A in the since ease-articulated scope gives the decision maker context for the true and a enlarged pact of whats mammal proposed and what press in front business capabilities it will speak to.


3.Stakeholder Concerns: What will vary stakeholders dependence to know and how will the final put-on them? This section shows that you regarding thinking logically about the colossal portray, not just lonesome details. It may tote going on risks or issues that must be accounted for as quickly as the impact upon existing roles and capabilities.


4.Estimated Time and Cost: Before presenting any idea, you compulsion to have curtains the homework injured to be able to have enough child support reasonably priced estimates of epoch and expense. Your cost estimates should taking behind again into account capital expenditures and costs of developing and implementing the alter as following ease as the opportunity costs of not investing in adjunct options.


5.Overall ROI: When you can conveniently enlarge on a powerful compensation upon the investment, including revenue and/or efficiency as adroitly as non-financial foster, its much easier for admin to make known yes to implementing your idea. In conjunction in the circulate of the new components of a compelling business suit, it might just make it hard for them to make known no.

Do you want to be PMI-PBA?

Business Analysis of projects and programs is very essential for organizations as it helps organizations to implement their desired changes and achieve strategic objectives. Business Analysts  work effectively with various stakeholders to get their business requirements defined, the project objectives are well defined and eventually drive the successful business outcomes that contribute to the strategic goals of the organization.

This has made the Business Analysis a topic of increasing importance in project management. Worldwide the organizations have started to acknowledge the importance of and need for project management professionals increasingly adopting BA techniques that help in uncovering business needs, managing requirements well and eventually creating all very important effective solutions to business problems.

Project Management Institute (PMI) has identify this need for certification in business analysis and hence launched the certification PMI Professional in Business Analysis (PMI-PBA). PMI-PBA is a globally recognized business analysis certification.

The eligibility criterion of PMI-PBA falls under two types:
1. Experience - With a bachelor's degree or a global equivalent, you need to have an experience of 3 years in business analysis. This further needs having 4500 hours of experience in 3 years duration doing activities associated with the business analysis.
2. Professional Development Units (PDUs) - You need 35 PDUs.

The PMI-PBA certification exam is of 4 hours duration and has 200 questions.

So get ready to embark on this professional certification.

Six D Framework - A powerful development and assessment tool for Business Case Report Writing

Six D Framework is considered to be one of the most powerful and most effective tool for the development and assessment of new business models; developing and executing strategic initiatives. It also helps in development of new projects for growth and performance improvement.

Due to the lack of definition on how to write the content and structure the business case report, the comparisons between different proposals become difficult. Also there are no rules how the documentation is to be done and preserved, the knowledge and experience gained during the business case writing is mostly lost.


6D Framework is designed to overcome the above mentioned problems.


This framework process has following steps:

1. Identify the action situation and objectives
2. Identify alternatives
3. Analyze the data and develop models and metrics for each alternative
4. Review metrics and select the best option
5. Develop implementation and operational plans
6. Develop performance checklist to measure value delivered

6D Framework helps in delivering an effective and winning business case report which usually has following information:

• Introduction
• Scenario Analysis
• Business Results
• Scenario Selection
• Implementation
• Recommendation

Does Business Case Writing involve project management concepts?

Yes. It does!

In fact Business Case writing is a mini-project in it's own right as it involves almost all the facets of project execution and  management aspects.

Proposal building, Business Case writing and eventual Project Execution are inter-related to each other. At times Proposals received from different sources (internal/external both) act as input to the business case writing. One of the best proposals makes an entry into the Business Case's recommended option. Further this proposed solution approach/option is then taken for execution.

While the business case is presented in a well structured written document, but it may also sometimes come in the form of a short presentation or even a verbal argument. However, Critical projects' selection is always done through an effective business case writing process.

Business Case is not just a guiding tool for the senior management to decide on a particular project with a recommended solution approach but also it provides for the framework for the selected project's execution. For this very reason, business case writing is very important. Business case writing goes through the proper project management process. Like formal project management, business case takes into consideration effective stakeholder engagement/management, estimation, costing, risk assessment, resources' assessment etc. Effective business case writing relies on Organizational, financial, managerial, technical, human resource, contractual and procurement skills.

A successful business case is expected to meet the organization's strategic, economic, business, financial and feasibility criteria.Like project execution, business case writing also makes use of quality gates as it is also authorized by the appropriate body at each phase of its development. The project is then executed against the success parameters as agreed in and made part of the business case. Business case is referred throughout the project life cycle and not just during the initial project selection phase. During the project execution, senior management always compare the project's current status against the agreed criteria in business case. In case the project is found to be deviating from the agreed terms specified in Business Case, the project may be scrapped or terminated. In short the business case acts as the baseline document for the project execution and hence has to be carefully articulated and written.