
We started talking about the first theme yesterday: the Business Case. Now we need to talk about our system of updating and checking it. There are two “stage boundaries” that require an update and review of the Business Case. Boundary 1 The first one is easy; that’s when you’re reaching the end of the stage, and you have to plan the next one. At this time, you also update the Business Case based on the output and result of the stage you’ve almost completed. Then you see if it makes sense to continue the project in the next stage. انجمن مهندسی و مدیریت ساخت ایران (ICEMA) Iran Construction Engineering Management Association Yes, it’s OK...
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One of the things we should always watch for, is the Business Case. It’s one of the seven themes in PRINCE2. Business Case The Business Case is a concept that contains the justification of the project, and its supportive information. We use it for making high-level decisions, and to see if it’s still beneficial to continue the project. Do you remember the Manage by Stages principle? OK, let’s discuss the Business Case based on the stages: Pre-project: it’s not a stage, but a period before we start the project. We just want to know if it’s a good idea to start the project. So, we create a simple Business Case. A complete and reliable Bu...
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Think of two otherwise similar projects: one is run to generate money, the other to help us enter a new market and get profitable projects in the future. Now, both projects are behind schedule, while they must be delivered on time. We’ve thought about all possibilities, and there are two solutions: one is to spend more money on the project, and the other to reduce quality to the minimum acceptable level. Using either option, we can deliver the project on time. Which solution would you choose when the project is being done to generate money? What about when the project is to enter a new market and get profitable projects in the future? That’s how the business need b...
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