Business Case Development
Traditionally, one could define a project as a success if you delivered what was required, within both the budget and the timeframe. But over time the definition of "success" has changed. Solely achieving the objectives is now often not enough, we need to evaluate the "value" that a project brings to our organisation. With an unpredictable world economy it is no longer feasible for an organisation to spend its resources on a project without determining that those resources have been used as effectively as possible. Justification for a proposed project on the basis of its expected financial reward is termed as ‘business case’. Business case development is a process that companies often employ to obtain management commitment and approval for investment in business programmes or projects. It analyses how the business case for a particular project will incorporate the corporate strategy and assist any circumstances that put the company in a favourable busine