https://ceopedia.org/index.php?title=Business_justification&feed=atom&action=historyBusiness justification - Revision history2024-03-28T11:58:03ZRevision history for this page on the wikiMediaWiki 1.39.4https://ceopedia.org/index.php?title=Business_justification&diff=89949&oldid=prevSw: Text cleaning2023-11-17T16:43:17Z<p>Text cleaning</p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Meredith, J. R., & Mantel Jr, S. J. (2011). ''[http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.467.9230&rep=rep1&type=pdf Project management: a managerial approach]''. John Wiley & Sons.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* Meredith, J. R., & Mantel Jr, S. J. (2011). ''[http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.467.9230&rep=rep1&type=pdf Project management: a managerial approach]''. John Wiley & Sons.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* PMI (2001). ''[http://www.pmi.org/pmbok-guide-and-standards/pmbok-guide.aspx Project Management Body of Knowledge (PMBOK® GUIDE)]''. In Project Management Institute.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* PMI (2001). ''[http://www.pmi.org/pmbok-guide-and-standards/pmbok-guide.aspx Project Management Body of Knowledge (PMBOK® GUIDE)]''. In Project Management Institute.</div></td></tr>
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</table>Swhttps://ceopedia.org/index.php?title=Business_justification&diff=88698&oldid=prevSw: Infobox5 upgrade2023-11-17T14:18:43Z<p>Infobox5 upgrade</p>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"></ul></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''Business justification''' (also: '''business case''', '''business rationale''') prepared for the [[project]] is one of the foundations for its implementation. It allows to assess the desirability, reasonableness and purposefulness of future activities and to assess the [[probability of success]] of implementation in the short and long-term perspective. The business case of the [[project]] is also a document allowing the entities and institutions supervising the project ([[stakeholders]]) to take and justify decisions having an impact on the course of the project. This is one of the essential parts of the basic document initiating the project: [[Project charter|Project Charter]]. To a minimum extent, business justification defines the expected results of the project and gives direction to the [[project team]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''Business justification''' (also: '''business case''', '''business rationale''') prepared for the [[project]] is one of the foundations for its implementation. It allows to assess the desirability, reasonableness and purposefulness of future activities and to assess the [[probability of success]] of implementation in the short and long-term perspective. The business case of the [[project]] is also a document allowing the entities and institutions supervising the project ([[stakeholders]]) to take and justify decisions having an impact on the course of the project. This is one of the essential parts of the basic document initiating the project: [[Project charter|Project Charter]]. To a minimum extent, business justification defines the expected results of the project and gives direction to the [[project team]]</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Communication plan''': A communication plan outlines the communication channels and frequency for project updates, progress reports, and other [[communication with stakeholders]].</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Communication plan''': A communication plan outlines the communication channels and frequency for project updates, progress reports, and other [[communication with stakeholders]].</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''[[Change management]] plan''': A change management plan outlines the process for managing and [[controlling]] changes to the project scope, objectives, and deliverables.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''[[Change management]] plan''': A change management plan outlines the process for managing and [[controlling]] changes to the project scope, objectives, and deliverables.</div></td></tr>
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<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">{{infobox5|list1={{i5link|a=[[Structure of enterprise planning system]]}} &mdash; {{i5link|a=[[Strategy deployment]]}} &mdash; {{i5link|a=[[Project initiation]]}} &mdash; {{i5link|a=[[Implementation and control of marketing plan]]}} &mdash; {{i5link|a=[[Strategic planning functions]]}} &mdash; {{i5link|a=[[Project steering committee]]}} &mdash; {{i5link|a=[[Preparation of project]]}} &mdash; {{i5link|a=[[Process owner]]}} &mdash; {{i5link|a=[[Stages of project]]}} }}</ins></div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==References==</div></td></tr>
</table>Swhttps://ceopedia.org/index.php?title=Business_justification&diff=80951&oldid=prevSw: Infobox update2023-03-19T17:28:31Z<p>Infobox update</p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><li>[[Structure of enterprise planning system]]</li></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div><li>[[Structure of enterprise planning system]]</li></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"><li>[[Strategy deployment]]</li></ins></div></td></tr>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><li>[[<del style="font-weight: bold; text-decoration: none;">Logic matrix</del>]]</li></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><li>[[<ins style="font-weight: bold; text-decoration: none;">Process owner</ins>]]</li></div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><li>[[<del style="font-weight: bold; text-decoration: none;">Critical chain method]]</li></del></div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><li>[[<ins style="font-weight: bold; text-decoration: none;">Stages </ins>of <ins style="font-weight: bold; text-decoration: none;">project</ins>]]</li></div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Stakeholder management plan]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Project initiation]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Tax strategy]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Benefits </del>of <del style="font-weight: bold; text-decoration: none;">planning]]</li></del></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;"><li>[[Project cycle management</del>]]</li></div></td><td colspan="2" class="diff-side-added"></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div></ul></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div></ul></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>}}</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>}}</div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''Business justification''' (also: '''business case''', '''business rationale''') prepared for the [[project]] is one of the foundations for its implementation. It allows to assess the desirability, reasonableness and purposefulness of future activities and to assess the [[probability of success]] of implementation in the short and long-term perspective. The business case of the [[project]] is also a document allowing the entities and institutions supervising the project ([[stakeholders]]) to take and justify decisions having an impact on the course of the project. This is one of the essential parts of the basic document initiating the project: [[Project charter|Project Charter]]. To a minimum extent, business justification defines the expected results of the project and gives direction to the [[project team]]</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>'''Business justification''' (also: '''business case''', '''business rationale''') prepared for the [[project]] is one of the foundations for its implementation. It allows to assess the desirability, reasonableness and purposefulness of future activities and to assess the [[probability of success]] of implementation in the short and long-term perspective. The business case of the [[project]] is also a document allowing the entities and institutions supervising the project ([[stakeholders]]) to take and justify decisions having an impact on the course of the project. This is one of the essential parts of the basic document initiating the project: [[Project charter|Project Charter]]. To a minimum extent, business justification defines the expected results of the project and gives direction to the [[project team]]</div></td></tr>
</table>Swhttps://ceopedia.org/index.php?title=Business_justification&diff=79864&oldid=prev127.0.0.1: The LinkTitles extension automatically added links to existing pages (<a target="_blank" rel="noreferrer noopener" class="external free" href="https://github.com/bovender/LinkTitles">https://github.com/bovender/LinkTitles</a>).2023-03-19T10:31:44Z<p>The LinkTitles extension automatically added links to existing pages (<a target="_blank" rel="noreferrer noopener" class="external free" href="https://github.com/bovender/LinkTitles">https://github.com/bovender/LinkTitles</a>).</p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 11:31, 19 March 2023</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==The role of business justification==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==The role of business justification==</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>The role of a business justification in a project is to provide a comprehensive and persuasive argument for why the project should be undertaken and to demonstrate that it is a worthwhile investment for the [[organization]]. It helps to ensure that the project is aligned with the organization's overall goals and objectives, and that the proposed solution is the most efficient and effective way to address the problem or opportunity.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>The role of a business justification in a project is to provide a comprehensive and persuasive argument for why the project should be undertaken and to demonstrate that it is a worthwhile <ins style="font-weight: bold; text-decoration: none;">[[</ins>investment<ins style="font-weight: bold; text-decoration: none;">]] </ins>for the [[organization]]. It helps to ensure that the project is aligned with the organization's overall <ins style="font-weight: bold; text-decoration: none;">[[</ins>goals and objectives<ins style="font-weight: bold; text-decoration: none;">]]</ins>, and that the proposed solution is the most efficient and effective way to address the problem or opportunity.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>A business justification serves as a guide for the project team, outlining the scope, objectives, deliverables, and key stakeholders for the project. It also helps to identify potential risks and contingencies, and outlines a [[plan]] for mitigating them.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>A business justification serves as a guide for the project team, outlining the scope, objectives, deliverables, and key stakeholders for the project. It also helps to identify potential risks and contingencies, and outlines a [[plan]] for mitigating them.</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Proposed Solution''': A description of the proposed solution, including the [[project scope]], objectives, and deliverables.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Proposed Solution''': A description of the proposed solution, including the [[project scope]], objectives, and deliverables.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Project Costs''': A detailed breakdown of the projected costs of the project, including expenses for materials, labor, and any other necessary resources.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Project Costs''': A detailed breakdown of the projected costs of the project, including expenses for materials, labor, and any other necessary resources.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''Project Benefits''': A detailed analysis of the projected benefits of the project, including financial and operational benefits, and how they align with the organization's overall goals and objectives.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''Project Benefits''': A detailed analysis of the projected <ins style="font-weight: bold; text-decoration: none;">[[</ins>benefits of the project<ins style="font-weight: bold; text-decoration: none;">]]</ins>, including financial and operational benefits, and how they align with the organization's overall goals and objectives.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''[[Risk]] and Contingency''': A description of the potential risks and contingencies associated with the project and the plan for mitigating them</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''[[Risk]] and Contingency''': A description of the potential risks and contingencies associated with the project and the plan for mitigating them</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Implementation and Governance''': A description of the plan for implementing the project, including timelines, milestones, and key stakeholders.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Implementation and Governance''': A description of the plan for implementing the project, including timelines, milestones, and key stakeholders.</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div># '''Problem or Opportunity''': The current CRM system is outdated and has limited [[capabilities]], resulting in poor customer satisfaction and lost sales opportunities. In order to stay competitive and meet the demands of the business, a new CRM system is needed.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div># '''Problem or Opportunity''': The current CRM system is outdated and has limited [[capabilities]], resulting in poor customer satisfaction and lost sales opportunities. In order to stay competitive and meet the demands of the business, a new CRM system is needed.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div># '''Proposed Solution''': The proposed solution is to implement a new CRM system that includes features such as automation of sales and [[marketing]] processes, improved data analysis and reporting, and enhanced customer tracking and [[communication]] capabilities. The project scope includes the purchase and implementation of the new CRM system, as well as [[training]] for all employees on its use.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div># '''Proposed Solution''': The proposed solution is to implement a new CRM system that includes features such as automation of sales and [[marketing]] processes, improved data analysis and reporting, and enhanced customer tracking and [[communication]] capabilities. The project scope includes the purchase and implementation of the new CRM system, as well as [[training]] for all employees on its use.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div># '''Project Costs''': The projected costs for the project include the purchase of the new CRM system at $400,000, implementation and customization costs at $50,000, and [[employee]] training at $50,000. The total projected cost of the project is $500,000.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div># '''Project Costs''': The projected costs for the project include the purchase of the new CRM system at $400,000, implementation and customization costs at $50,000, and [[employee]] training at $50,000. The total projected <ins style="font-weight: bold; text-decoration: none;">[[</ins>cost of the project<ins style="font-weight: bold; text-decoration: none;">]] </ins>is $500,000.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div># '''Project Benefits''': The new CRM system is expected to generate $1 million in increased sales through improved lead generation and tracking capabilities. Additionally, the automation of internal processes is expected to result in cost savings of $250,000 per year.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div># '''Project Benefits''': The new CRM system is expected to generate $1 million in increased sales through improved lead generation and tracking capabilities. Additionally, the automation of internal processes is expected to result in cost savings of $250,000 per year.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div># '''Risk and Contingency''': There is a risk that the new CRM system may not be fully adopted by employees, resulting in limited benefits. To mitigate this risk, a plan for training and support will be put in place. Additionally, the project will include a pilot phase to test the system before fully implementing it.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div># '''Risk and Contingency''': There is a risk that the new CRM system may not be fully adopted by employees, resulting in limited benefits. To mitigate this risk, a plan for training and support will be put in place. Additionally, the project will include a pilot phase to test the system before fully implementing it.</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Identifying potential risks and contingencies''': A business justification helps to identify potential risks and contingencies associated with the project and outlines a plan for mitigating them.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Identifying potential risks and contingencies''': A business justification helps to identify potential risks and contingencies associated with the project and outlines a plan for mitigating them.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Improving project [[planning]] and execution''': By providing a clear and measurable set of objectives and benefits, as well as a detailed plan for implementation and governance, a business justification helps to ensure that the project is well-planned and executed.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Improving project [[planning]] and execution''': By providing a clear and measurable set of objectives and benefits, as well as a detailed plan for implementation and governance, a business justification helps to ensure that the project is well-planned and executed.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''Demonstrating the value of the project''': A business justification demonstrates the value of the project to the organization by outlining the projected costs and benefits and showing the potential return on investment (ROI) for the organization.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''Demonstrating the value of the project''': A business justification demonstrates the value of the project to the organization by outlining the projected costs and benefits and showing the potential <ins style="font-weight: bold; text-decoration: none;">[[</ins>return on investment<ins style="font-weight: bold; text-decoration: none;">]] </ins>(ROI) for the organization.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Communicating with stakeholders''': A business justification serves as a communication tool between the project team and stakeholders, providing them with a clear understanding of the project's goals, objectives, and expected outcomes.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Communicating with stakeholders''': A business justification serves as a communication tool between the project team and stakeholders, providing them with a clear understanding of the project's goals, objectives, and expected outcomes.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''Evaluating project's performance''': A business justification serves as a benchmark for evaluating the performance of the project and determining whether it met its objectives and delivered the expected outcomes.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''Evaluating project's performance''': A business justification serves as a <ins style="font-weight: bold; text-decoration: none;">[[</ins>benchmark<ins style="font-weight: bold; text-decoration: none;">]] </ins>for evaluating the <ins style="font-weight: bold; text-decoration: none;">[[</ins>performance of the project<ins style="font-weight: bold; text-decoration: none;">]] </ins>and determining whether it met its objectives and delivered the expected outcomes.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Improving [[decision making]]''': A business justification provides a clear and comprehensive analysis of the problem or opportunity, proposed solution, projected costs and benefits, and risks and contingencies, which helps to improve decision making.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Improving [[decision making]]''': A business justification provides a clear and comprehensive analysis of the problem or opportunity, proposed solution, projected costs and benefits, and risks and contingencies, which helps to improve decision making.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
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<td colspan="2" class="diff-lineno">Line 75:</td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Lack of flexibility''': Once a project is approved and resources are committed, it can be difficult to change the scope, objectives, or deliverables of the project. This can lead to a lack of flexibility in addressing unforeseen issues or taking advantage of new opportunities.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Lack of flexibility''': Once a project is approved and resources are committed, it can be difficult to change the scope, objectives, or deliverables of the project. This can lead to a lack of flexibility in addressing unforeseen issues or taking advantage of new opportunities.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Time-consuming''': Business justification [[process]] is time-consuming and requires a significant investment of resources, including the time and expertise of the project team and other stakeholders.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Time-consuming''': Business justification [[process]] is time-consuming and requires a significant investment of resources, including the time and expertise of the project team and other stakeholders.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''Limited focus on implementation''': Business justification process focuses more on the upfront planning, and may not have enough focus on the implementation and execution of the project. This can lead to a lack of attention to the details that are required to make the project a success.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''Limited focus on implementation''': Business justification process focuses more on the upfront planning, and may not have enough focus on the implementation and <ins style="font-weight: bold; text-decoration: none;">[[</ins>execution of the project<ins style="font-weight: bold; text-decoration: none;">]]</ins>. This can lead to a <ins style="font-weight: bold; text-decoration: none;">[[</ins>lack of attention<ins style="font-weight: bold; text-decoration: none;">]] </ins>to the details that are required to make the project a success.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''Limited consideration of social and environmental factors''': Business justification may not consider the broader social and environmental impact of a project. This can lead to negative consequences for the</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''Limited consideration of social and <ins style="font-weight: bold; text-decoration: none;">[[</ins>environmental<ins style="font-weight: bold; text-decoration: none;">]] </ins>factors''': Business justification may not consider the broader social and environmental impact of a project. This can lead to negative consequences for the</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Other documents necessary in early project stage==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Other documents necessary in early project stage==</div></td></tr>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Project plan''': A project plan outlines the tasks, milestones, and deliverables for the project, as well as the resources and schedule required to complete them. It also includes information on [[project management]], [[risk management]], and [[quality]] control.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Project plan''': A project plan outlines the tasks, milestones, and deliverables for the project, as well as the resources and schedule required to complete them. It also includes information on [[project management]], [[risk management]], and [[quality]] control.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''[[Resource]] plan''': A [[resource plan]] outlines the resources, including personnel, equipment, and materials, needed to complete the project. It also includes information on resource allocation, scheduling, and costs.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''[[Resource]] plan''': A [[resource plan]] outlines the resources, including personnel, equipment, and materials, needed to complete the project. It also includes information on resource allocation, scheduling, and costs.</div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''Risk management plan''': A risk management plan identifies potential risks and hazards associated with the project and outlines a plan for mitigating or avoiding them. It also includes information on risk monitoring and reporting.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''<ins style="font-weight: bold; text-decoration: none;">[[</ins>Risk management plan<ins style="font-weight: bold; text-decoration: none;">]]</ins>''': A risk management plan identifies potential risks and hazards associated with the project and outlines a plan for mitigating or avoiding them. It also includes information on risk monitoring and reporting.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Communication plan''': A communication plan outlines the communication channels and frequency for project updates, progress reports, and other [[communication with stakeholders]].</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''Communication plan''': A communication plan outlines the communication channels and frequency for project updates, progress reports, and other [[communication with stakeholders]].</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''[[Change management]] plan''': A change management plan outlines the process for managing and [[controlling]] changes to the project scope, objectives, and deliverables.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''[[Change management]] plan''': A change management plan outlines the process for managing and [[controlling]] changes to the project scope, objectives, and deliverables.</div></td></tr>
</table>127.0.0.1https://ceopedia.org/index.php?title=Business_justification&diff=70464&oldid=prevCeopediabot: Add bold to lists2023-01-26T08:24:04Z<p>Add bold to lists</p>
<a href="https://ceopedia.org/index.php?title=Business_justification&diff=70464&oldid=70453">Show changes</a>Ceopediabothttps://ceopedia.org/index.php?title=Business_justification&diff=70453&oldid=prev127.0.0.1: The LinkTitles extension automatically added links to existing pages (<a target="_blank" rel="noreferrer noopener" class="external free" href="https://github.com/bovender/LinkTitles">https://github.com/bovender/LinkTitles</a>).2023-01-26T08:15:43Z<p>The LinkTitles extension automatically added links to existing pages (<a target="_blank" rel="noreferrer noopener" class="external free" href="https://github.com/bovender/LinkTitles">https://github.com/bovender/LinkTitles</a>).</p>
<a href="https://ceopedia.org/index.php?title=Business_justification&diff=70453&oldid=70439">Show changes</a>127.0.0.1https://ceopedia.org/index.php?title=Business_justification&diff=70439&oldid=prevSw at 06:25, 26 January 20232023-01-26T06:25:38Z<p></p>
<a href="https://ceopedia.org/index.php?title=Business_justification&diff=70439&oldid=68750">Show changes</a>Swhttps://ceopedia.org/index.php?title=Business_justification&diff=68750&oldid=prev127.0.0.1: The LinkTitles extension automatically added links to existing pages (<a target="_blank" rel="noreferrer noopener" class="external free" href="https://github.com/bovender/LinkTitles">https://github.com/bovender/LinkTitles</a>).2023-01-20T00:09:41Z<p>The LinkTitles extension automatically added links to existing pages (<a target="_blank" rel="noreferrer noopener" class="external free" href="https://github.com/bovender/LinkTitles">https://github.com/bovender/LinkTitles</a>).</p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 01:09, 20 January 2023</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>'''Business justification''' or so called '''business case''' prepared for the [[project]] is one of the foundations for its implementation. It allows to assess the desirability, reasonableness and purposefulness of future activities and to assess the [[probability of success]] of implementation in the short and long-term perspective. The business case of the [[project]] is also a document allowing the entities and institutions supervising the project ([[stakeholders]]) to take and justify decisions having an impact on the course of the project. This is one of the essential parts of the basic document initiating the project: [[Project charter|Project Charter]]. To a minimum extent, business justification defines the expected results of the project and gives direction to the project team</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>'''Business justification''' or so called '''business case''' prepared for the [[project]] is one of the foundations for its implementation. It allows to assess the desirability, reasonableness and purposefulness of future activities and to assess the [[probability of success]] of implementation in the short and long-term perspective. The business case of the [[project]] is also a document allowing the entities and institutions supervising the project ([[stakeholders]]) to take and justify decisions having an impact on the course of the project. This is one of the essential parts of the basic document initiating the project: [[Project charter|Project Charter]]. To a minimum extent, business justification defines the expected results of the project and gives direction to the <ins style="font-weight: bold; text-decoration: none;">[[</ins>project team<ins style="font-weight: bold; text-decoration: none;">]]</ins></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Contents of business justification==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Contents of business justification==</div></td></tr>
</table>127.0.0.1https://ceopedia.org/index.php?title=Business_justification&diff=61655&oldid=prevZybex at 10:45, 9 September 20202020-09-09T10:45:36Z<p></p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Contents of business justification==</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Contents of business justification==</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The business justification ([[justification of project]]) is created, updated and controlled throughout the entire project. It incorporates main and far-reaching goals of the project and is also a reference point for project control at the milestone level. Main principle of successful [[project management]] says that it must have a valid and validated business justification. This means that there is a rational reason for starting it from the beginning of the project and it is subject to verification during the project lifetime. In the event of loss of business justification, the project should be closed as soon as possible. The continuity of business justification is intended to ensure that the limited resources of the [[organization]] will be used only for projects that bring benefits in line with the [[organization]]'s [[strategic goals]]. </div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The business justification ([[justification of project]]) is created, updated and controlled throughout the entire project. It incorporates main and far-reaching goals of the project and is also a reference point for project control at the milestone level. Main principle of successful [[project management]] says that it must have a valid and validated business justification. This means that there is a rational reason for starting it from the beginning of the project and it is subject to verification during the project lifetime. In the event of loss of business justification, the project should be closed as soon as possible. The continuity of business justification is intended to ensure that the limited resources of the [[organization]] will be used only for projects that bring benefits in line with the [[organization]]'s [[strategic goals]]. </div></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div> </div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">[[File:Business justification.png|thumb]]</ins></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The business justification should specify why the idea should be implemented as a project, and how to focus on the general purposes of the organization. It is the driving force behind the project and its formal basis. </div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The business justification should specify why the idea should be implemented as a project, and how to focus on the general purposes of the organization. It is the driving force behind the project and its formal basis. </div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The business case (business justification) at the stage of execution of the project is taken into account in the periodic analysis and control meetings between the project manager and the [[Steering committee|Steering Committee]]. This serves to analyse progress and expenses and confirm the sense of project continuation. </div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>The business case (business justification) at the stage of execution of the project is taken into account in the periodic analysis and control meetings between the project manager and the [[Steering committee|Steering Committee]]. This serves to analyse progress and expenses and confirm the sense of project continuation. </div></td></tr>
</table>Zybexhttps://ceopedia.org/index.php?title=Business_justification&diff=56338&oldid=prevSw: Infobox update2019-12-01T11:00:42Z<p>Infobox update</p>
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<ul><br />
<li>[[Structure of enterprise planning system]]</li><br />
<li>[[Preparation of project]]</li><br />
<li>[[Logic matrix]]</li><br />
<li>[[Critical chain method]]</li><br />
<li>[[Stakeholder management plan]]</li><br />
<li>[[Project initiation]]</li><br />
<li>[[Tax strategy]]</li><br />
<li>[[Benefits of planning]]</li><br />
<li>[[Project cycle management]]</li><br />
</ul><br />
}}<br />
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'''Business justification''' or so called '''business case''' prepared for the [[project]] is one of the foundations for its implementation. It allows to assess the desirability, reasonableness and purposefulness of future activities and to assess the [[probability of success]] of implementation in the short and long-term perspective. The business case of the [[project]] is also a document allowing the entities and institutions supervising the project ([[stakeholders]]) to take and justify decisions having an impact on the course of the project. This is one of the essential parts of the basic document initiating the project: [[Project charter|Project Charter]]. To a minimum extent, business justification defines the expected results of the project and gives direction to the project team<br />
<br />
==Contents of business justification==<br />
The business justification ([[justification of project]]) is created, updated and controlled throughout the entire project. It incorporates main and far-reaching goals of the project and is also a reference point for project control at the milestone level. Main principle of successful [[project management]] says that it must have a valid and validated business justification. This means that there is a rational reason for starting it from the beginning of the project and it is subject to verification during the project lifetime. In the event of loss of business justification, the project should be closed as soon as possible. The continuity of business justification is intended to ensure that the limited resources of the [[organization]] will be used only for projects that bring benefits in line with the [[organization]]'s [[strategic goals]]. <br />
<br />
The business justification should specify why the idea should be implemented as a project, and how to focus on the general purposes of the organization. It is the driving force behind the project and its formal basis. <br />
The business case (business justification) at the stage of execution of the project is taken into account in the periodic analysis and control meetings between the project manager and the [[Steering committee|Steering Committee]]. This serves to analyse progress and expenses and confirm the sense of project continuation. <br />
Contents of the project's business justification document<br />
<br />
<br />
==Elements of business justification==<br />
Regardless of the approach to justification, it should be created at the very beginning of the project and constantly updated. The minimum scope of the project's business justification is:<br />
* executive summary, <br />
* a description of the [[need]] or opportunity, <br />
* description of alternative [[options]] of achieving the benefits <br />
* detailed analysis of the expected benefits, <br />
* analysis of the expected permanent or periodic side effects of the project, <br />
* implementation schedule combined with costs and benefits arising in the project, <br />
* [[cost]] estimate <br />
* assessment of economic [[efficiency]], <br />
* [[identification]] of the [[risk]] possible to occur in the project.<br />
<br />
==References==<br />
* Clark, K. B. (2003). ''[[Project scope|Project Scope]] and Project Performance''. Operations [[Management]]: Critical Perspectives on Business and [[Management]], 3(10), 446.<br />
* Khan, A. (2006). ''[https://brainmass.com/file/225952/Khan.pdf Project scope management]''. [[Cost]] engineering, 48(6), 12-16.<br />
* Kraus, W. E., & Cressman, K. R. (1992). ''[[Project scope|Project Scope]] Definition-A Practical Approach'', COST ENGINEERING-ANN ARBOR THEN MORGANTOWN-, 34, 15-15.<br />
* Meredith, J. R., & Mantel Jr, S. J. (2011). ''[http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.467.9230&rep=rep1&type=pdf Project management: a managerial approach]''. John Wiley & Sons.<br />
* PMI (2001). ''[http://www.pmi.org/pmbok-guide-and-standards/pmbok-guide.aspx Project Management Body of Knowledge (PMBOK® GUIDE)]''. In Project Management Institute.<br />
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[[Category:Project management]]<br />
[[pl:Uzasadnienie projektu]]</div>Sw