• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Project Management Knowledge

Simply explained by a PMI-certified Project Manager

  • Home
  • Acronyms and Abbreviations
  • Definitions
  • About the Author
  • Deutsch
  • Show Search
Hide Search
You are here: Home / Definitions / B / Business Case

Business Case

The business case provides the reasoning for initiating a particular task or project management scheme.  The business case is a type of document that describes information of a particular business to determine if the project is worth the investment. It is presented as a well-structured document which includes information such as the background of the project, expected commercial benefits, gap analysis, risks and expected cost.

There are many reasons why a business case is created and these include the market demand, organizational requirements, technological advancements, expansion, legal requirements, social needs and ecological impacts to name a few.

Everyone is involved in creating the business case. The business case is completed by the project manager or business analysts based on the inputs of the stakeholders. Moreover, it is the responsibility of the sponsors to agree on the scope and limitation of the project.

Business cases are created in order to aid decision-makers compare alternative initiatives based on the indicated benefits and objectives in the document as well as measure performance indicators and use them to realize different aspects of the business’ project management design.

This term is defined in the 5th edition of the PMBOK.

Related Articles:

 
  • Benefits Management Plan  The Benefits Management plan will describe how the benefits of the project will be delivered and when they will be...
  •  
  • Sponsoring Organization  Sponsoring organization is an entity responsible for providing the project’s sponsor and a conduit for project funding or other project...
  •  
  • Bid Document  A Bid Document is an output of the Plan Procurement Management process. This document is used when requesting proposals from...
  •  
  • Business Case  Der Business Case liefert die Begründung für die Initiierung einer bestimmten Aufgabe oder Projektmanagement-Regelung.  Der Geschäftsfall ist eine Art von...
  •  
  • Business Value  Business value, in project management, is defined as the value of the business.  It encompasses all elements that determine the...
  • Primary Sidebar

    Dear Visitor, I am a PMP (Project Management Professional), certified by the Project Management Institute since 2004. I have been managing dozens of projects, small and huge, successful and unsuccessful. This site is supposed to help you learn the required vocabulary of the project management world. Please feel free to check my certification status or to learn more about me.

    Copyright © 2021

    • Privacy Policy