Question: develop a Project Business Case with clearly defined benefits of the expected project outputs. As projects are expected to solve some problems and/or deliver some
develop a Project Business Case with clearly defined benefits of the expected project outputs. As projects are expected to solve some problems and/or deliver some benefits, the Project Business Case should focus on justifying the rationale of the project----why the project is needed and what benefits the project can deliver. Some of the key considerations in the group report can be:
1, Project Definition. This section shall define the project in terms of problem statement, and/or expected benefits, with clear objectives and contribution to some strategic achievements.
2, High Level Scope definition, with critical success factors and some measurable targets. It should also include realistic resource estimates.
3, A risk assessment of the project and project context, identifying the controls required to minimise or eliminate these risks, including an outline of any potential economic and environmental problems that may be relevant.
The project doesnt have to be in a traditional project-based industry such as IT and construction, as project management has been employed as an effective tool to tackle problems arising from different situations. The group shall work together to decide which Project Business Case they develop. Some examples are listed below
- Conduct an investigation of a scandal/accident
- Complete a cross border merge/acquisition,
- Organising a big event (Commonwealth Game) or a small event (exhibition/trade show),
- Setting up a new business venture,
- A new product innovation,
- A marketing/political campaign,
- Rebranding of a company or its product portfolio
- A TV commercial or a Movie,
- A special ceremony (for a royal family member wedding or Olympic games opening?)
- New seas cruise with a unique theme (Finding Elsa?)
Any issues you consider as important can be included in the group report in order to justify the rationale of the project initiative. The Project Business Case MUST include the use of appropriate project tools such as, Risk Assessment Matrices, GANTT, and Stakeholders Analysis etc.
The module leader may provide a project for the group to work on in case that the group members have difficulties to reach an agreement.
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