Captain's Log, Entry 7697.3—Some managers see the business case simply as a tool for securing project authorization and funding. Experienced project managers, however, understand that a principle-driven case has substantial additional value to exploit throughout the project lifecycle. Business case results forecast cash inflows, outflows, risks, financial metrics and KPI impacts. A compelling rationale turns these results into convincing proof: your project is a sound business decision. A principle is a fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning. Very few business cases built today qualify as principle driven cases. A principle driven case manifests in short, concise documents that don’t need exhaustive descriptions to take into account every eventuality. Case building with a principle driven approach is efficient, and case usage is clear and straightforward. And, principle driven cases have proven uniquely effective in improving project performance and delivering business value for the organization. Read more of this post Marty Schmidt | 2019-06-30 at 12:13 | URL: https://www.business-case-analysis.com/blog/?p=7697 |