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Creating and using an effective Business Case

Audience

Project and Programme Sponsors / SROs, Steering Group members, Key Stakeholders, Business Change Managers, Benefits Managers, Project and Programme Managers, Team members, Financial managers and PMO staff.

Background

Although the majority of programmes and projects create a Business Case to justify the investment, many never revisit it to ensure that continued investment makes sense. In addition, some initiatives are justified as “we have no choice”, especially in regulatory environments. Unless the project is still viable, it should be stopped (or re-shaped), but this can be a difficult decision to make, especially if the expected benefits are not well defined.

This course explores what makes a good and a bad Business Case, and provides pragmatic techniques for developing effective Business Cases and using them to confirm the continued viability of the project or programme.

Objectives

On completion, delegates will understand how to:

Create a justifiable Business Case
Engage key stakeholders in the Business Case
Ensure continued ownership of the Business Case
Describe the relationship between the Business Case and the realisation of benefits
Explain the role of a Business Case in regulatory projects
Use a Business Case throughout a project or programme
Explain how to use a Business Case at viability reviews, and how to manage “stop” decisions
Begin applying the techniques on real projects and programmes

Course Content

The importance and use of a Business Case
Ownership of the Business Case
Creating a justifiable Business Case
Business Case and benefits realisation
Regulatory environments and Business Cases
Business Case and viability reviews : continue / stop
Project, Programme and Portfolio Business Cases
Putting this to work on your next programme or project

This workshop uses a number of practical exercises and simulations to reinforce the techniques and concepts covered in the workshop material, in addition to numerous examples from the lecturers’ own experiences of managing programmes and projects.

Duration

One day, in-house

Awards

N/A

Delivered by

This course is delivered in association with SMA / C₄CM

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