In the context of project management, a business case captures the reasoning for initiating a project. A business case precedes a project plan, and it is one of the very first steps when tackling a project.
The objective of a business case is to help planning and decision-making. It justifies the expenditure and resources requires.
Parts of a business case
There are no fixed sections that a business case report must contain, but there are some suggestions, depending on the source.
What are the references on how to write a business case?
As a business case is a concept within project management, good references would be project management methodologies like PMI’s Project Management Book of Knowledge (PMBoK) or PRINCE2.
In any case, there are many sources that explain how to make a business case in a simpler way. Please check the external references to get more information.
- en.wikipedia.org; “Business case“
- PRINCE2 Wiki; “Business case“
- HM Treasury & Wales Government; “Guide to developing the project business case“
- Office of Government Commerce. (2009). Managing successful projects with PRINCE2 (PRINCE2™) (Fifth Edition). London, UK: The Stationery Office.
- Project Management Institute. (2004). A guide to the project management body of knowledge (PMBOK® Guide). Newtown Square, PA: Project Management Institute.