The template for the internal business case serves to defend the benefits of the project and justify the need for its implementation. It does not primarily include the financial part.
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Description
It is submitted by the Business Case owner to the sponsor, who decides on this basis whether to finance the project or not. It is compiled in the start-up phase of the project and is evaluated when it is closed. The internal business case emphasizes more the strategic benefits for the organization than the purely financial side.
Use
- Project's sponzor and its basic contact details
- Name
- Phone
- Date of submission of the case
- Document status - selection from "Preliminary", "Working" and "Final"
- Project summary - shortly describe your project
- Project benefits - describe the benefits of the project and WHY it should be realized
- Links of the project to other activities or projects
- Description of the proposed solution
- Alternatives considered
- Estimated costs - complete the basic calculation or a link to the calculation.
- Cost estimates accuracy in %.
- Estimated time to complete and frame time plan - state the date, or key milestones, or a reference to the project plan, if it already exists.
- Time estimation accuracy in %
- Anticipated tangible benefits
- Anticipated nontangible benefits
- Financial sensitivity of expected benefits and market analysis.
- Strategic alignment of the project - describe how the project follows the strategy of the organization, or how it implements individual strategic initiatives.
- Is project mission critical? Also add reasons.
- Project risks in the form of a basic overview with the possibility of replacement by a separate list of risks.
- How will benefits be measured - complete specific success metrics. including the framework of measurement stock.
- Post-project operational and maintenance costs
Recommendation
Avoid over-optimism.
Only use fields from the template that make sense in the context of your organization.