Let's look at the most common types of company business cases:
Strategic . This case is designed to justify the changes and demonstrate how they can be combined with the company's direction of work. To do this, you need to coordinate the tasks and problems of your organization with the set business goals.
To make your strategic case as strong as possible, it should include the goal you are working toward. Plan the work in detail while listing the risks and strengths of the entire operation. Explain how a specific process will positively impact your business in a positive scenario.
Economic . This strategic document should demonstrate which business idea will be most valuable, including environmental and social impacts. It is necessary to show how contact with the public occurs (production of goods or creation of a structure).
Commercial . This is a logical consequence of the economic case. When creating a plan, show that you have the ability to ensure supplies, justify the economic efficiency of the processes.
In order for a commercial case to be effective, it is necessary to plan the volume of necessary resources and take into account various unforeseen circumstances that may arise during the implementation process.
Financial . Any project management honduras phone data strategy aims to analyze and evaluate the financial side of the development under consideration. The document should reflect economic aspects. For this reason, the financial case is of key importance in the study of the enterprise.
Management : This is the final business case, which aims to provide stakeholders with clear plans for the delivery, monitoring and analysis of the most preferential option.
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Who makes the business case?
Drawing up a business case is a task for an entire team, which includes a project manager, a business analyst, sometimes a financial analyst (if he has information on income, expenses and forecasts), a technical specialist (if an assessment of the technical parameters of the project results or an approximate technical assignment is required), and a risk manager.
Who makes the business case?
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In practice, the business case is usually compiled by the project manager himself, since he has all the necessary skills, and the information can be requested.
The business case presentation is held to interested parties, including the company's managers (CEO, COO, CFO, etc.), sponsors and investors. Internal sponsors are the directors of functional departments and the project office, external sponsors are clients, banks, partners, government agencies.
The authors of the business case present it, and the audience approves it and makes a decision on whether to launch or reject the project (or send it back for revision), depending on the benefits, risks and costs.