Business Case document is one of the deliverables in the Initiation phase of the Project Lifecycle. This is usually completed by the joint effort of the Business Analyst, Project Manager, Sponsor and Business SMEs.
A Business Case Document, often abbreviated as BC, serves multiple purposes within an organization.
Primarily, it provides a structured framework to:
a. Justify Investments: When an organization/company is considering launching a new project, investing in technology, or expanding operations, a BC helps to justify the need for resources and funding.
b. Evaluate Alternatives: It enables you to compare options, such as cost-benefit analyses, risk assessments, and potential returns, to make informed decisions.
c. Define Objectives: A BC helps to outline your proposed initiative’s objectives and expected outcomes.
d. Manage Risks: A BC also outlines potential risks and challenges upfront so the business can develop strategies to mitigate them, reducing the chances of project failure.
Business Case Template
Download the FREE Business Case Template using the form below.
This template can be edited depending on the level of detail or formality required in your organization.
You can also use this as a reference if there is already an existing template and you just need ideas on how to complete the document.
You will need modelling tool like Visio for creating diagrams or process flows but if there is none, you can simply use Powerpoint.
Check out other Templates that are FREE to download here