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These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. Advertisement Advertisement. The WP Project directly supports several of the corporate goals and objectives established by Smith Consulting.
The following table lists the business goals and objectives that the WP Project supports and how it supports them:. The following table lists the key resources, processes, or services and their anticipated business outcomes in measuring the performance of the project. These performance measures will be quantified and further defined in the detailed project plan. This section lists the preliminary assumptions for the proposed project. As the project is selected and moves into detailed project planning, the list of assumptions will most likely grow as the project plan is developed.
However, for the business case there should be at least a preliminary list from which to build. The following assumptions apply to the WP Project.
As project planning begins and more assumptions are identified, they will be added accordingly. This section of the business case template lists the preliminary constraints for the proposed project. As the project is selected and moves into detailed project planning, the list of constraints will most likely grow as the project plan is developed.
The following constraints apply to the WP Project. As project planning begins and more constraints are identified, they will be added accordingly. This section of our template lists the major project milestones and their target completion dates. Since this is the business case, these milestones and target dates are general and in no way final. It is important to note that as the project planning moves forward, a base-lined schedule including all milestones will be completed.
The following are the major project milestones identified at this time. As the project planning moves forward and the schedule is developed, the milestones and their target completion dates will be modified, adjusted, and finalized as necessary to establish the baseline schedule. This section of the business case template provides an overview of the organizational strategic plans that are related to the project. This includes the strategic plan, what the plan calls for, and how the project supports the strategic plan.
By directly supporting these strategic plans, this project will improve our business and help move the company forward to the next level of maturity. Many consider this one of the most important parts of a business case as it is often the costs or savings a project yields which win final approval to go forward.
It is important to quantify the financial benefits of the project as much as possible in the business case. This is usually done in the form of a cost benefit analysis. The purpose of this is to illustrate the costs of the project and compare them with the benefits and savings to determine if the project is worth pursuing.
The following table captures the cost and savings actions associated with the WP Project, descriptions of these actions, and the costs or savings associated with them through the first year.
At the bottom of the chart is the net savings for the first year of the project. This represents a significant improvement in our operating costs and is a clear indicator of the benefit this project will have on the company. All business problems may be addressed by any number of alternative projects.
While the business case is the result of having selected one such option, a brief summary of considered alternatives should also be included—one of which should be the status quo, or doing nothing. The reasons for not selecting the alternatives should also be included. The following alternative options have been considered to address the business problem. These alternatives were not selected for a number of reasons which are also explained below. The business case is a document with which approval is granted or denied to move forward with the creation of a project.
Therefore, the document should receive approval or disapproval from its executive review board. The signatures of the people below indicate an understanding in the purpose and content of this Business Case by those signing it. By signing this document you indicate that you approve of the proposed project outlined in this business case and that the next steps may be taken to create a formal project in accordance with the details outlined herein.
Download Template. Web based tool will allow real-time and accurate reporting of all payroll and administrative metrics. Greater autonomy and flexibility will address employee concerns and allow managers to focus on billable tasks. The web-based system will reduce reporting discrepancies duplicates and gaps and require reconciliation every 6 months instead of monthly.
Decrease in cost and staff requirements as system maintenance will be reduced from once every month to once every 6 months with the new system.
Elimination of 5 staff positions in HR and payroll which are no longer required as several functions will now be automated. In general, a business case contains the following particulars about a project:. A sample business case template is available here for the management certification guidelines used in the UK, Australia, and other countries. The number of sections and detail of your business case will vary with the complexity and scope of your intended project.
Typical elements include most or all of the following:. You may also want to include signature blocks for approvers, a table with the sponsor name, the names of anyone providing support or expertise to the document, a table of contents hyperlinked to first- and second-level headings, an appendix for attached worksheets and other supporting documents, and a glossary of terms.
To title the document, follow the naming conventions of your organization and provide a version number, especially if the project is complicated and the business case is likely to go through revisions. The project sponsor prepares the business case in cooperation with team members and subject matter experts from the applicable areas, such as IT or finance.
Some companies may have dedicated project management offices. In that case, the project management office prepares the business case. If an outside organization requests support, that entity prepares the business case.
The project sponsor and interested parties review the business case. Based on the business case, the project may be approved, rejected, altered, or postponed. A business case may seem to require a lot of information, but you can keep it simple if you keep a few things in mind:.
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Try Smartsheet for free, today. In This Article. One-Page Business Case Template. See how Smartsheet can help you be more effective. Project Business Case Template. Simple, powerful project management with Smartsheet.
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The Business Case and Business Case Template Writing Process Poor preparation and a lack of senior management involvement often contribute to eventual project failure. When writing the business case, consider these pointers for success: Write in the voice of your readers and stakeholders, but avoid jargon as much as possible. Communicate concisely regarding the essential content.
Be interesting, even entertaining. Be clear about your goals and how they can benefit the organization. Limit the number of authors to keep the voice and style consistent. The Main Elements of a Business Case Template Your business case is intended to provide sponsors, stakeholders, and investors with a clear picture of the outcomes and benefits of your project.
In general, a business case contains the following particulars about a project: A high-level summary Financial information about the costs and benefits Details of the scope Benefits and risks Information about how the project will be managed Measurements for success A sample business case template is available here for the management certification guidelines used in the UK, Australia, and other countries.
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