Module 6: Business Case
Syllabus
6. Understand the PRINCE2 prac ces and how they are applied throughout the project
6.1 Business case prac ce
i. Explain the purpose of the business case prac ce
ii. Describe the key rela onships between the business case prac ce and
the principles
iii. Explain the purpose of the key management products required to
support the business case prac ce: project brief; business case; PID
sustainability management approach; PID benefits management
approach
iv. Define key concepts related to the business case prac ce: output;
outcome; benefit; dis-benefit; business objec ve
v. Describe the guidance for effec ve management of the business case
including: business case lifecycle; aligning products to business
objec ves and tolerances; establishing business jus fica on
vi. Describe the PRINCE2 technique for the business case prac ce
Lessons Learned
- Explore and understand the business case prac ce
- Know and understand the key concepts related to business jus fica on
- Understand the benefits management approach
- Understand the business case management process
- Main aim of this module:
o Understand that a business case is used to document the jus fica on for the
undertaking of a project
Based on es mated costs against the an cipated benefits to be gained and
offset by any associated risks
- Business case should:
o Outline how and when the an cipated benefits can be measured
o Developed when star ng up a project and is reviewed and updated during all the
processes of the project journey
, Purpose of the business case prac ce
The purpose of the business case prac ce is to establish mechanisms to judge whether a
project is (and remains) desirable, viable, and achievable.
- Centre of any impact assessment of risks, issues, and changes by asking the ques on:
o How will this risk, issue, or change affect the viability of the business case and the
business objec ves and benefits sought?
- Business jus fica on
o Not only about costs
o Also about understanding the value of a project
o The perceived benefits or importance of the outcomes in propor on to the
resources deployed to achieve them
o Selec ng an approach that offers the best overall value
The rela onship between outputs, outcomes, and benefits
Dis-benefits
Measured by
Deliver Embed
Outputs Capabilities Outcomes Benefits
Business
Lead to
objectives
- PRINCE2 projects deliver outputs in the form of products
o Used to facilitate change in an organisa on or FOR organisa ons
- These changes create capabili es that lead to outcomes
- The outcomes allow the organisa on to realise the benefits (dis-benefits if nega ve)
Business case lifecycle
Provided by the business and sets expecta ons and
Project mandate constraints
Contains the outline business case in response to
Project brief the mandate
Provides the full business case in response to the
Business case project brief
Syllabus
6. Understand the PRINCE2 prac ces and how they are applied throughout the project
6.1 Business case prac ce
i. Explain the purpose of the business case prac ce
ii. Describe the key rela onships between the business case prac ce and
the principles
iii. Explain the purpose of the key management products required to
support the business case prac ce: project brief; business case; PID
sustainability management approach; PID benefits management
approach
iv. Define key concepts related to the business case prac ce: output;
outcome; benefit; dis-benefit; business objec ve
v. Describe the guidance for effec ve management of the business case
including: business case lifecycle; aligning products to business
objec ves and tolerances; establishing business jus fica on
vi. Describe the PRINCE2 technique for the business case prac ce
Lessons Learned
- Explore and understand the business case prac ce
- Know and understand the key concepts related to business jus fica on
- Understand the benefits management approach
- Understand the business case management process
- Main aim of this module:
o Understand that a business case is used to document the jus fica on for the
undertaking of a project
Based on es mated costs against the an cipated benefits to be gained and
offset by any associated risks
- Business case should:
o Outline how and when the an cipated benefits can be measured
o Developed when star ng up a project and is reviewed and updated during all the
processes of the project journey
, Purpose of the business case prac ce
The purpose of the business case prac ce is to establish mechanisms to judge whether a
project is (and remains) desirable, viable, and achievable.
- Centre of any impact assessment of risks, issues, and changes by asking the ques on:
o How will this risk, issue, or change affect the viability of the business case and the
business objec ves and benefits sought?
- Business jus fica on
o Not only about costs
o Also about understanding the value of a project
o The perceived benefits or importance of the outcomes in propor on to the
resources deployed to achieve them
o Selec ng an approach that offers the best overall value
The rela onship between outputs, outcomes, and benefits
Dis-benefits
Measured by
Deliver Embed
Outputs Capabilities Outcomes Benefits
Business
Lead to
objectives
- PRINCE2 projects deliver outputs in the form of products
o Used to facilitate change in an organisa on or FOR organisa ons
- These changes create capabili es that lead to outcomes
- The outcomes allow the organisa on to realise the benefits (dis-benefits if nega ve)
Business case lifecycle
Provided by the business and sets expecta ons and
Project mandate constraints
Contains the outline business case in response to
Project brief the mandate
Provides the full business case in response to the
Business case project brief
