{"id":263528,"date":"2023-10-25T10:10:21","date_gmt":"2023-10-25T08:10:21","guid":{"rendered":"https:\/\/parm.com\/project-management-abc-b-for-business-case\/"},"modified":"2026-09-28T08:59:15","modified_gmt":"2026-09-28T06:59:15","slug":"project-management-abc-b-for-business-case","status":"publish","type":"post","link":"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/","title":{"rendered":"Project Management ABC: B for Business Case"},"content":{"rendered":"\n<div class=\"et_pb_section_0 et_pb_section et_section_regular et_block_section\"><div class=\"et_pb_row_0 et_pb_row et_block_row\"><div class=\"et_pb_column_0 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_0 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h1>Project Management ABC: B for Business Case<\/h1>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_1 et_pb_row et_block_row\"><div class=\"et_pb_column_1 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_image_0 et_pb_image et_pb_module et_block_module\"><span class=\"et_pb_image_wrap\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/parm.com\/wp-content\/uploads\/2023\/10\/Post_PM-ABC_Business_Case_EN.jpg\" alt=\"Project Management ABC: B for Business Case\" title=\"Post_PM-ABC_Business_Case\" width=\"1200\" height=\"630\" srcset=\"https:\/\/parm.com\/wp-content\/uploads\/2023\/10\/Post_PM-ABC_Business_Case_EN.jpg 1200w, https:\/\/parm.com\/wp-content\/uploads\/2023\/10\/Post_PM-ABC_Business_Case_EN-980x515.jpg 980w, https:\/\/parm.com\/wp-content\/uploads\/2023\/10\/Post_PM-ABC_Business_Case_EN-480x252.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1200px, 100vw\" class=\"wp-image-263529\" \/><\/span><\/div><\/div><\/div><div class=\"et_pb_row_2 et_pb_row et_pb_equal_columns et_block_row\"><div class=\"et_pb_column_2 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_1 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>In project management, great opportunities and challenges are often hidden behind a seemingly inconspicuous document: the 'Business Case'. It is the living heart of project management, deciding which projects get the green light and which fall by the wayside. In this article, we will uncover why the Business Case is the crucial tool for project success, how it is created, and what secrets it holds for smart business decisions.  <\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_3 et_pb_row et_block_row\"><div class=\"et_pb_column_3 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_2 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/#What_is_a_Business_Case\" >What is a Business Case?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/#Why_is_a_Business_Case_required\" >Why is a Business Case required?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/#Components_of_a_Business_Case\" >Components of a Business Case<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/#Creating_a_Business_Case\" >Creating a Business Case<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/#Challenges_and_Best_Practices\" >Challenges and Best Practices<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/#Managing_and_updating_the_Business_Case\" >Managing and updating the Business Case<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/#The_Business_Case_for_PRINCE2\" >The Business Case for PRINCE2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/#The_Business_Case_in_agile_project_management_environment\" >The Business Case in agile project management environment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Business_Case\"><\/span>What is a Business Case?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A Business Case is a document or presentation that sets out the economic justification and benefits of a project. A Business Case is an essential part of project initiation and is used to convince decision-makers that a particular project should be undertaken. In short, the Business Case answers the crucial question: why should we implement this project?   <br \/>In addition, the Business Case - and its update(s) - forms an essential basis for change management.<\/p>\n<\/div><\/div><div class=\"et_pb_text_3 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Why_is_a_Business_Case_required\"><\/span>Why is a Business Case required?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Justification of the business opportunity:<\/strong> A Business Case provides the basis to justify the need for a project or business idea. It explains why the project should be initiated by setting out in a clear way the business opportunity that it presents. <\/li>\n<li><strong>Decision making:<\/strong> The Business Case thus plays a crucial role in business decision-making. By analysing facts and data, it provides a rational basis on which business leaders and decision-makers can make informed decisions about which projects should be undertaken or prioritised and which should not. By setting out the business rationale, expected benefits and costs of the project, enables the best projects to be selected and resources to be allocated wisely.  <\/li>\n<li><strong>Prioritisation of projects:<\/strong> In organisations, there are often more projects and ideas than available resources. This is where the Business Case comes in. It helps prioritise projects according to their strategic importance and business potential. Projects that promise the greatest benefit at a reasonable cost are prioritised, while less promising projects may be put on hold or rejected.   <\/li>\n<li><strong>Resource allocation:<\/strong> Companies have only limited resources at their disposal. One of the central purposes of the Business Case is therefore also to ensure the efficient allocation of resources. This concerns not only financial resources but also personnel, time and other resources. The clear presentation of costs and benefits in the Business Case facilitates the allocation of resources to the project by showing which project promises the highest benefits with an appropriate use of resources.   <\/li>\n<li><strong>Transparency and communication:<\/strong> The Business Case also serves as a communication tool to explain the reasons for initiating the project in a clear and understandable way. This promotes transparency within the company and facilitates cooperation between different departments and teams. A well-presented Business Case enables employees to understand the vision and business need for the proposed project.  <\/li>\n<li><strong>Risk management:<\/strong> By including a risk analysis in the Business Case, potential challenges and risks are identified at an early stage. This makes it possible to plan appropriate mitigation measures and integrate them into the Business Case right away. In this way, unexpected problems during project implementation can be minimised in advance.  <\/li>\n<li><strong>Avoiding bad investments:<\/strong> Without a Business Case, there is a risk that resources will be invested in projects that do not offer a clear benefit to the company. The Business Case helps to prevent such misinvestments by justifying the project and assessing the expected ROI (return on investment). <\/li>\n<li><strong>Measuring success:<\/strong> Once a project has been approved and implemented, the Business Case also serves as a reference point for monitoring and measuring the progress of the project and the actual benefits compared to the original expectations. This allows for continuous improvement and adjustment during the project and beyond. After the project has been completed, the actual benefits can be compared with the projections in the Business Case.  <\/li>\n<\/ul>\n<\/div><\/div><div class=\"et_pb_text_4 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Components_of_a_Business_Case\"><\/span>Components of a Business Case<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The components of a Business Case are crucial to comprehensively demonstrate the business justification of a project. Here are the key components of a Business Case in detail: <\/p>\n<ul>\n<li><strong>Executive Summary:<\/strong> The first section of the Business Case provides a brief, concise overview of the entire content. An executive summary usually contains the most important information, such as the purpose of the project, the expected benefits and the costs. <\/li>\n<li><strong>Business justification:<\/strong> This part of the Business Case explains the business justification for the project and therefore includes information on why the project is needed and how it will contribute to the achievement of the company's strategic objectives. A detailed description of the problem, a brief presentation of the different options and their impacts, and assumptions made are usually contents of this section. <\/li>\n<li><strong>Project description:<\/strong> This section describes the project itself, including its name, project objectives, expected results and main features. This section thus provides an overview of the project. In addition, it usually includes a rough timetable for the project, the milestones, the expected time for the start and end of the project, and when the expected benefits are expected to be realised. The main stakeholders are also identified in this section and their concerns and interests related to the project are explained.   <\/li>\n<li><strong>Profitability analysis:<\/strong><br \/>In order to be able to compare the costs and benefits of the project, a profitability analysis is also often part of the business case. This includes a benefit analysis, a cost analysis and a financial evaluation.\n<ul>\n<li><strong>Benefit analysis:<\/strong> In this section, the expected benefits of the project are presented. These may include increased revenue, cost savings, improved efficiency, increased customer satisfaction or other business benefits. The benefit analysis should be quantitative and qualitative.  <\/li>\n<li><strong>Cost analysis:<\/strong> All estimated costs of the project are listed here, including initial costs, ongoing operating costs and investments incurred during the project.<\/li>\n<li><strong>Financial evaluation:<\/strong> This part evaluates the financial performance of the project, including return on investment (ROI), profit potential and other financial metrics.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Risk analysis:<\/strong> This section identifies and assesses possible risks associated with the project. In addition, it often includes plans with measures to mitigate or manage the risks. <\/li>\n<li><strong>Alternatives and options:<\/strong> This is where different alternatives to the project are identified and analysed. This can help ensure that the best solution is selected. <\/li>\n<li><strong>Recommendations and conclusions:<\/strong> At the end of the Business Case, clear recommendations are made for accepting or rejecting the project. This should be based on the information presented in the previous sections.  <\/li>\n<\/ul>\n<\/div><\/div><div class=\"et_pb_text_5 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Creating_a_Business_Case\"><\/span>Creating a Business Case<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Building a Business Case requires a structured approach to ensure that all relevant information is carefully gathered and presented. <\/p>\n<h3>1. Project initiation and project idea<\/h3>\n<p>Start by clearly identifying the project idea. This can be done through market research, customer enquiries, internal needs analysis or other sources. Make sure you clearly understand the trigger for the project and the related business need.  <\/p>\n<h3>2. Stakeholder analysis<\/h3>\n<p>Identify the main stakeholders of the project, including internal and external parties. Understand their expectations, requirements and concerns related to the project. <\/p>\n<h3>3. Define project objectives<\/h3>\n<p>Define clear and specific project objectives. These should be measurable, achievable, relevant and time-bound (SMART criterias). The project objectives should be closely linked to the strategic objectives of the company.  <\/p>\n<h3>4. Benefit analysis<\/h3>\n<p>Describe in detail the expected benefits of the project. This may include increased revenue, cost savings, improved efficiency, increased customer satisfaction and other types of benefits. Try to quantify these benefits both quantitatively and qualitatively.  <\/p>\n<h3>5. Cost analysis<\/h3>\n<p>Estimate the costs of the project as accurately as possible. Consider initial costs, ongoing operating costs, necessary investments and possible follow-up costs. It is important to take into account all cost factors.  <\/p>\n<h3>6. Risk analysis<a href=\"https:\/\/parm.com\/en\/risks-in-project-management\/\" target=\"_blank\" rel=\"noopener\" title=\"Risks in project management\"><\/a><\/h3>\n<p>Identify the potential <a href=\"https:\/\/parm.com\/en\/risks-in-project-management\/\" target=\"_blank\" rel=\"noopener\" title=\"Risks in project management\">risks<\/a> and challenges associated with the project. Assess their likelihood as well as the potential damage that will be caused if a risk were to occur. Plan measures to mitigate or manage the risk.  <\/p>\n<h3>7. Alternatives and options<\/h3>\n<p>Investigate different solutions or alternatives to the project. Compare the advantages, disadvantages and business implications of each option. Explain why the solution you have chosen is the best option.<br \/>In general, there are at least three different options available to you:  <\/p>\n<ul>\n<li>Not to carry out the project<\/li>\n<li>To bring about a solution to the original problem with minimal effort.<\/li>\n<li>Implement the project<\/li>\n<\/ul>\n<h3>8. Time frame<\/h3>\n<p>Draw up a rough timetable for the project, including the main milestones and the expected time for the project to start and end. Take into account possible dependencies on other projects or external factors. <\/p>\n<h3>9. Financial assessment<\/h3>\n<p>Conduct a financial evaluation to calculate ROI, return on investment and other financial metrics. Show how the project will affect the company's financial performance. <\/p>\n<h3>10. Assumptions and dependencies<\/h3>\n<p>List all assumptions made in the preparation of the Business Case and identify dependencies on other projects as well as external factors.<\/p>\n<h3>11. Recommendations and conclusions<\/h3>\n<p>Based on the previous steps, make clear recommendations for accepting or rejecting the project. Justify your recommendations based on the information available and show how the project will bring business benefits. <\/p>\n<h3>12. Documentation and presentation<\/h3>\n<p>Ensure the Business Case is carefully documented. Create a clear document that is easy to understand. Also prepare a presentation to present the results of the Business Case to decision-makers.  <\/p>\n<h3>13. Review and approval<\/h3>\n<p>The Business Case should be reviewed and approved by the relevant decision-makers in the company. This may require a formal approval procedure before the project is officially launched. <\/p>\n<p>Creating a Business Case requires careful research, data analysis and clear reasoning. A well-structured Business Case is a crucial tool for decision-making and initiating projects in companies. <\/p>\n<\/div><\/div><div class=\"et_pb_text_6 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Challenges_and_Best_Practices\"><\/span>Challenges and Best Practices<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Building a Business Case is a significant step towards successful project initiation. Here are some of the most common challenges you might encounter during the creation process and best practices to overcome them: <\/p>\n<h3>Challenges:<\/h3>\n<ol>\n<li><strong>Insufficient data and information:<\/strong> Obtaining accurate and comprehensive data for benefit and cost analysis can be difficult, especially if the project is new.<\/li>\n<li><strong>Uncertainty and risks:<\/strong> Predicting future developments and events is fraught with uncertainty. Risks can also be difficult to quantify. <\/li>\n<li><strong>Assumptions and estimates:<\/strong> Business Cases are often based on assumptions and estimates that can change throughout the project.<\/li>\n<li><strong>Complexity:<\/strong> In complex projects, building a Business Case can be difficult as many variables and factors need to be considered at the same time.<\/li>\n<li><strong>Resistance to change:<\/strong> There can be resistance to new projects, especially if they have an impact on existing processes and structures.<\/li>\n<\/ol>\n<h3>Best practices:<\/h3>\n<ol>\n<li><strong>Data collection:<\/strong> Invest time and resources in obtaining accurate data and information. Market research, benchmarking and consultation with experts can be helpful. <\/li>\n<li><strong>Risk management:<\/strong> Carry out a thorough risk analysis and make plans to mitigate risks. Show in the Business Case how you will deal with uncertainties and risks. <\/li>\n<li><strong>Scenario analysis:<\/strong> Consider different scenarios and developments to minimise the impact of uncertainty on the Business Case. This can help to develop alternative plans of action. <\/li>\n<li><strong>Update regularly:<\/strong> Update the Business Case as the project progresses to reflect changes and progress. Also keep assumptions and estimates up to date. <\/li>\n<li><strong>Transparent communication:<\/strong> Communicate the benefits of the project and the business justification clearly and effectively to all relevant stakeholders to build support and understanding.<\/li>\n<li><strong>Stakeholder engagement:<\/strong> Involve key stakeholders early on, asking for their feedback and buy-in. This can reduce resistance to the project. <\/li>\n<li><strong>External expertise:<\/strong> For complex projects, feel free to bring in external experts or consultants to help build the Business Case with their experience.<\/li>\n<\/ol>\n<\/div><\/div><div class=\"et_pb_text_7 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Managing_and_updating_the_Business_Case\"><\/span>Managing and updating the Business Case<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A Business Case is not a static document. Rather, it requires continuous management and updating to ensure that it remains relevant and meaningful during the implementation of a project. Thus, it is not only used to initiate a project, but can also be applied during its implementation and conclusion.  <\/p>\n<ul>\n<li><strong>Project tracking:<\/strong> Once a project has started, you should carefully track its progress. This includes monitoring milestones, costs, resource consumption and other relevant factors. Regularly compare actual progress with the values forecast in the Business Case to ensure that the implementation of your project is progressing as planned.  <\/li>\n<li><strong>Review assumptions:<\/strong> Regularly review the assumptions made in the original Business Case. If circumstances change or new information becomes available, these assumptions should be adjusted accordingly. This may have an impact on the projections in the Business Case.  <\/li>\n<li><strong>Updating the financial data:<\/strong> The financial data in the Business Case should also be kept up to date. This will allow you to compare any actual costs or revenues incurred with the forecasts in the Business Case. This enables an accurate calculation of ROI and other financial ratios.   <\/li>\n<li><strong>Risk management:<\/strong> The risk analysis should also be regularly updated and evaluated to see if the identified risks have occurred, if their probability of occurrence has changed or if new risks have emerged. In addition, review the effectiveness of the risk mitigation measures implemented. <\/li>\n<li><strong>Communicate with stakeholders:<\/strong> Keep relevant stakeholders informed about the progress of the project and any changes in the Business Case. This helps to build trust and maintain stakeholder support. <\/li>\n<li><strong>Adjustment of project objectives:<\/strong> During the implementation of a project, business circumstances change or new strategic objectives are set. In such cases, it may be necessary to adjust the project objectives in the Business Case to ensure that the project continues to contribute to the achievement of the objectives. <\/li>\n<li><strong>Updating the timeframe:<\/strong> Track the project's timeframe and adjust it if necessary. This may be necessary due to delays, accelerated schedules or changes in project scope. <\/li>\n<li><strong>Regular review and approval:<\/strong> For very long-term projects, the Business Case should be reviewed and updated again by decision-makers periodically, for example annually, or whenever there are significant changes in the project or business environment. This ensures that the project continues to meet the business objectives. <\/li>\n<\/ul>\n<\/div><\/div><div class=\"et_pb_text_8 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"The_Business_Case_for_PRINCE2\"><\/span>The Business Case for PRINCE2<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>PRINCE2 (Projects IN Controlled Environments) is a widely used project management methodology used in various organisations and industries. In the PRINCE2 framework, the Business Case is defined as the document which provides the economic justification for the project. It sets out the reasons for the project, its objectives and the expected benefits. The business case thus serves as a central document that should convince management and stakeholders to provide the necessary resources for the project.<br \/>PRINCE2 therefore stipulates that every project start must be accompanied by a complete and approved business case. This means before any project officially starts, a Business Case must be prepared and approved by the relevant decision-makers.     <br \/>The Business Case according to PRINCE2 normally includes the following information:<\/p>\n<ul>\n<li>Project objective and scope<\/li>\n<li>Business reason and rationale for the project<\/li>\n<li>Benefits and expected advantages<\/li>\n<li>Costs and financing of the project<\/li>\n<li>Risk analysis and assessment<\/li>\n<li>Timeframe and milestones<\/li>\n<li>Assumptions and dependencies<\/li>\n<li>Recommendations for acceptance or rejection of the project<\/li>\n<\/ul>\n<p>Also, according to PRINCE2, a Business Case is not a static document, but needs to be regularly updated and managed to ensure that it reflects current project conditions. Changes in project scope, costs or expected benefits should be regularly transferred to the Business Case. <\/p>\n<\/div><\/div><div class=\"et_pb_text_9 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"The_Business_Case_in_agile_project_management_environment\"><\/span>The Business Case in agile project management environment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In agile project management, the focus is on flexibility, collaboration and continuous adaptation, which is different from traditional project management methods. For example, in agile approaches such as Scrum or Kanban, the focus is on the continuous delivery of valuable products or functions. Therefore, the use of a formal Business Case in its classical form is often less pronounced or even optional.  <\/p>\n<ol>\n<li><strong>Agile principles:<\/strong> In agile projects, decisions are often made based on agile principles and values that emphasise customer focus, team collaboration and responsive adaptation. So, in contrast to classic project planning, a Business Case is often not required. <\/li>\n<li><strong>Lean approach:<\/strong> Agile methods, especially <a href=\"https:\/\/parm.com\/en\/project-management-abc-k-for-kanban-2\/\" target=\"_blank\" rel=\"noopener\" title=\"Project Management ABC: K for Kanban\">Kanban<\/a>, follow a lean approach that aims to reduce waste and focuses on continuous improvement. In this context, the creation of a comprehensive Business Case can be seen as wasteful. <\/li>\n<li><strong>Business value:<\/strong> Agile project management emphasises the continuous delivery of business value. So instead of building a comprehensive Business Case, the team should focus on continuously developing products or features and adapting them based on customer feedback as well as changing market requirements. <\/li>\n<li><strong>Informal documentation:<\/strong> Agile projects often use informal documentation such as user stories, product backlogs and roadmaps to communicate project focus and priorities. These documents are more lightweight and flexible than a traditional Business Case. <\/li>\n<li><strong>Flexibility:<\/strong> Agile projects are designed to adapt to changing requirements and priorities. This may mean that the original assumptions in the Business Case need to be revised during the project. <\/li>\n<\/ol>\n<p>Although a formal Business Case is less common in agile project management, this does not mean that business justification and ROI are not considered. Instead, communication of these aspects often takes place in a more informal and continuous way within the team. In some companies, <a href=\"https:\/\/parm.com\/en\/project-management-abc-h-for-hybrid-project-management-2\/\" target=\"_blank\" rel=\"noopener\" title=\"Project Management ABC: H for Hybrid Project Management\">hybrid methods<\/a> are also used, combining agile methods with traditional project management approaches. Especially for large projects that require high investments, a Business Case can be useful in such cases.   <\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_4 et_pb_row et_block_row\"><div class=\"et_pb_column_4 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_10 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Business Case is the key component for the success of classic projects in project management. It provides a clear and rational basis for decision-making, resource allocation as well as performance measurement. By carefully creating, managing and updating a Business Case, companies can ensure that their projects are aligned to achieve their strategic goals and that they deliver the expected business benefits.  <\/p>\n<\/div><\/div><\/div><\/div><div class=\"et_pb_row_5 et_pb_row et_block_row\"><div class=\"et_pb_column_5 et_pb_column et_pb_column_1_2 et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_11 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>Project management software such as myPARM can play a valuable role in the creation and management of Business Cases. It enables centralised storage and updating of project data, team collaboration, milestone tracking and real-time analysis of costs and benefits. With integrated tools for risk analysis and stakeholder communication, myPARM helps organisations create more effective and meaningful Business Cases and efficiently manage the entire project lifecycle. This helps to deliver projects on time, on budget and maximise business success.   <\/p>\n<\/div><\/div><\/div><div class=\"et_pb_column_6 et_pb_column et_pb_column_1_2 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_text_12 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>Find out more about the myPARM project and portfolio management software:<\/p>\n<\/div><\/div><div class=\"et_pb_module et_pb_button_module_wrapper et_pb_button_0_wrapper preset--group--divi-button--divi-button--hi917qs--default_wrapper preset--module--divi-button--default_wrapper\"><a class=\"et_pb_button_0 et_pb_button et_pb_bg_layout_light et_pb_module et_block_module preset--group--divi-button--divi-button--hi917qs--default preset--module--divi-button--default\" href=\"\/?page_id=37040\">Further information about myPARM<\/a><\/div><div class=\"et_pb_text_13 et_pb_text et_pb_bg_layout_light et_pb_module et_block_module preset--module--divi-text--default\"><div class=\"et_pb_text_inner\"><p>Would you like to get to know myPARM in a demo? Then make an appointment with us right away! <\/p>\n<\/div><\/div><div class=\"et_pb_module et_pb_button_module_wrapper et_pb_button_1_wrapper preset--group--divi-button--divi-spacing--hl8mx1oobv_wrapper preset--group--divi-button--divi-button--hi917qs--default_wrapper preset--module--divi-button--default_wrapper\"><a class=\"et_pb_button_1 et_pb_button et_pb_bg_layout_light et_pb_module et_block_module preset--group--divi-button--divi-spacing--hl8mx1oobv preset--group--divi-button--divi-button--hi917qs--default preset--module--divi-button--default\" href=\"https:\/\/calendly.com\/parmag\/myparm-webdemo\" target=\"_blank\">TERMIN VEREINBAREN<\/a><\/div><\/div><\/div><div class=\"et_pb_row_6 et_pb_row et_block_row\"><div class=\"et_pb_column_7 et_pb_column et_pb_column_4_4 et-last-child et_block_column et_pb_css_mix_blend_mode_passthrough\"><div class=\"et_pb_code_0 et_pb_code et_pb_module\"><div class=\"et_pb_code_inner\"><div class=\"shariff shariff-align-left shariff-widget-align-left\" style=\"display:none\"><ul class=\"shariff-buttons theme-round orientation-horizontal buttonsize-medium\"><li class=\"shariff-button facebook shariff-nocustomcolor\" style=\"background-color:#4273c8\"><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fparm.com%2Fpl%2Fproject-management-abc-b-for-business-case%2F\" title=\"Bei Facebook teilen\" aria-label=\"Bei Facebook teilen\" role=\"button\" rel=\"nofollow\" class=\"shariff-link\" style=\"; 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Bitte sehen Sie in Ihr Postfach und best\u00e4tigen Sie Ihre Anmeldung. Sollte keine Nachricht ankommen, sehen Sie bitte in Ihren Spam-Ordner. Vielen Dank!\n                      <\/span>\n      <\/div>\n    <\/div>\n    <div><\/div>\n    <div id=\"sib-container\" class=\"sib-container--large sib-container--vertical\" style=\"text-align:center; background-color:rgba(27,62,144,1); max-width:1080px; border-radius:3px; border-width:0px; border-color:#C0CCD9; border-style:solid;\">\n      <form id=\"sib-form\" method=\"POST\" action=\"https:\/\/272a17fd.sibforms.com\/serve\/MUIEAOo1vFGWS7d0cvncbnGo6ZIm0MV83UA-ApqLz0GJgUd38j-GsNKlhCPZ1kVJVEGx5yChU7xjEUZEVAhHli4H01njDJsY0TOLof7HNzi7lZJvWMes1-Je1GVxivY9c8XrMzqbTrnQ9SuHnjhsRe5vXL8U5STdopGqk00vm6RWgZiOpVABZMg1kUY8-KjUWzt-Tpk5-zC9XQ2j\" data-type=\"subscription\">\n        <div style=\"padding: 8px 0;\">\n          <div class=\"sib-form-block\" style=\"font-size:32px; text-align:left; font-weight:700; font-family:\" helvetica=\"\" sans-serif=\"\" color:=\"\" background-color:transparent=\"\">\n            <p>Newsletter<\/p>\n          <\/div>\n        <\/div>\n        <div style=\"padding: 8px 0;\">\n          <div class=\"sib-form-block\" style=\"font-size:16px; text-align:left; font-family:\" helvetica=\"\" sans-serif=\"\" color:=\"\" background-color:transparent=\"\">\n            <div class=\"sib-text-form-block\">\n              <p>Melden Sie sich zu unserem monatlichen Newsletter an und werden Sie \u00fcber Produkte der Parm AG, Neuheiten, Trends im Projektmanagement sowie Angebote und Veranstaltungen informiert.<\/p>\n            <\/div>\n          <\/div>\n        <\/div>\n        <div style=\"padding: 8px 0;\">\n          <div class=\"sib-input sib-form-block\">\n            <div class=\"form__entry entry_block\">\n              <div class=\"form__label-row \">\n\n                <div class=\"entry__field\">\n                  <input class=\"input\" type=\"text\" id=\"EMAIL\" name=\"EMAIL\" autocomplete=\"off\" placeholder=\"EMAIL\" data-required=\"true\" required=\"\">\n                <\/div>\n              <\/div>\n\n              <label class=\"entry__error entry__error--primary\" style=\"font-size:16px; text-align:left; font-family:\" helvetica=\"\" sans-serif=\"\" color:=\"\" background-color:=\"\" border-radius:3px=\"\" border-color:=\"\">\n              <\/label>\n            <\/div>\n          <\/div>\n        <\/div>\n        <div style=\"padding: 8px 0;\">\n          <div class=\"sib-optin sib-form-block\" data-required=\"true\">\n            <div class=\"form__entry entry_mcq\">\n              <div class=\"form__label-row \">\n                <div class=\"entry__choice\">\n                  <label>\n                    <input type=\"checkbox\" class=\"input_replaced\" value=\"1\" id=\"OPT_IN\" name=\"OPT_IN\" required=\"\">\n                    <span class=\"checkbox checkbox_tick_positive\"><\/span><span style=\"font-size:14px; text-align:left; font-family:\" helvetica=\"\" sans-serif=\"\" color:=\"\" background-color:transparent=\"\"><p>Ich bin damit einverstanden, dass der Newsletter individuell auf meine Interessen abgestimmt wird. Zu diesem Zweck gestatte ich der Parm AG mein \u00d6ffnungs-, Klick- und Downloadverhalten im Newsetter zu analysieren und ein personenbezogenes Nutzerprofil von mir zu erstellen. Die <a href=\"https:\/\/parm.com\/datenschutzerklaerung\" target=\"_blank\" rel=\"noopener\">Datenschutzerkl\u00e4rung <\/a>habe ich gelesen und akzeptiere diese. Die Abmeldung vom Newsletter ist jederzeit m\u00f6glich.<\/p><span data-required=\"*\" style=\"display: inline;\" class=\"entry__label entry__label_optin\"><\/span><\/span> <\/label>\n                <\/div>\n              <\/div>\n              <label class=\"entry__error entry__error--primary\" style=\"font-size:16px; text-align:left; font-family:\" helvetica=\"\" sans-serif=\"\" color:=\"\" background-color:=\"\" border-radius:3px=\"\" border-color:=\"\">\n              <\/label>\n            <\/div>\n          <\/div>\n        <\/div>\n        <div style=\"padding: 8px 0;\">\n          <div class=\"g-recaptcha\" data-sitekey=\"6LdyzNAcAAAAANv3WwEWU18I26AH-2q2CcQ6eQUk\" data-callback=\"invisibleCaptchaCallback\" data-size=\"invisible\" onclick=\"executeCaptcha\"><\/div>\n        <\/div>\n        <div style=\"padding: 8px 0;\">\n          <div class=\"sib-form-block\" style=\"text-align: left\">\n            <button class=\"sib-form-block__button sib-form-block__button-with-loader\" style=\"font-size:16px; text-align:left; font-weight:700; font-family:\" helvetica=\"\" sans-serif=\"\" color:=\"\" background-color:=\"\" border-radius:3px=\"\" border-width:0px=\"\" form=\"sib-form\" type=\"submit\">\n              <svg class=\"icon clickable__icon progress-indicator__icon sib-hide-loader-icon\" viewbox=\"0 0 512 512\">\n                <path d=\"M460.116 373.846l-20.823-12.022c-5.541-3.199-7.54-10.159-4.663-15.874 30.137-59.886 28.343-131.652-5.386-189.946-33.641-58.394-94.896-95.833-161.827-99.676C261.028 55.961 256 50.751 256 44.352V20.309c0-6.904 5.808-12.337 12.703-11.982 83.556 4.306 160.163 50.864 202.11 123.677 42.063 72.696 44.079 162.316 6.031 236.832-3.14 6.148-10.75 8.461-16.728 5.01z\"\/>\n              <\/svg>\n ANMELDEN\n            <\/button>\n          <\/div>\n        <\/div>\n\n        <input type=\"text\" name=\"email_address_check\" value=\"\" class=\"input--hidden\">\n        <input type=\"hidden\" name=\"locale\" value=\"de\">\n      <\/form>\n    <\/div>\n  <\/div>\n<\/div>\n<!-- END - We recommend to place the below code where you want the form in your website html -->\n\n<!-- START - We recommend to place the below code in footer or bottom of your website html -->\n<script>\n  window.REQUIRED_CODE_ERROR_MESSAGE = 'W\u00e4hlen Sie bitte einen L\u00e4ndervorwahl aus.';\n  window.LOCALE = 'de';\n  window.EMAIL_INVALID_MESSAGE = window.SMS_INVALID_MESSAGE = \"Die eingegebenen Informationen sind nicht g\u00fcltig. Bitte \u00fcberpr\u00fcfen Sie die Felder und versuchen Sie es erneut.\";\n\n  window.REQUIRED_ERROR_MESSAGE = \"Dieses Feld darf nicht leer sein. \";\n\n  window.GENERIC_INVALID_MESSAGE = \"Die eingegebenen Informationen sind nicht g\u00fcltig. Bitte \u00fcberpr\u00fcfen Sie die Felder und versuchen Sie es erneut.\";\n\n\n\n\n  window.translation = {\n    common: {\n      selectedList: '{quantity} Liste ausgew\u00e4hlt',\n      selectedLists: '{quantity} Listen ausgew\u00e4hlt'\n    }\n  };\n\n  var AUTOHIDE = Boolean(0);\n<\/script>\n<script src=\"https:\/\/sibforms.com\/forms\/end-form\/build\/main.js\"><\/script>\n\n<script src=\"https:\/\/www.google.com\/recaptcha\/api.js?hl=de\"><\/script>\n\n<!-- END - We recommend to place the above code in footer or bottom of your website html -->\n<!-- End Sendinblue Form --><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The secret behind a successful project? The Business Case!<br \/>\nWe reveal why great opportunities can be hidden in this unassuming document and why the Business Case is at the heart of many projects. <\/p>\n","protected":false},"author":1,"featured_media":263529,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1258,1259],"class_list":["post-263528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-unkategorisiert","tag-projektmanagement","tag-projektmanagement-abc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Project management ABC - P for PM\u00b2<\/title>\n<meta name=\"description\" content=\"The secret behind a successful project is the proper preparation of a Business Case. We explain why.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/parm.com\/pl\/project-management-abc-b-for-business-case\/\" \/>\n<meta property=\"og:locale\" content=\"pl_PL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Project Management ABC: B for Business Case\" \/>\n<meta property=\"og:description\" content=\"The secret behind a successful project? The Business Case! 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