In all businesses we are constantly exposed to change. This may be to make improvements to our current effectiveness or to react to a changing environment and new opportunities. A great number of projects are available to most businesses and it is selecting those with the maximum return on investment which gives the advantage over our competitors.
This course will provide participants with the skills required to ensure that project work is clearly justified in both financial and non-financial terms and that the benefits resulting from projects are accurately measured.
To provide participants with the skills required to produce accurate project justifications and to define and measure the expected business benefits both during and following the project.
When to produce the Business Case
The four types of Benefit
Identifying and measuring benefits
Calculating the Net Benefit
Discounted Cash Flow and Net Present Values
Reviewing & Refining the Business Case
Structuring the document
What skills will the delegate gain?
This course will enable delegates to:
Develop a project Business Case.
Maintain the Business Case throughout the life of a project.
Identify, define and measure project costs and benefits.
Calculate the project value.
Who will the course benefit?
Any staff with the responsibility for justifying or assisting in the justification of project work.
There are no formal prerequisites for this course although a knowledge of project work would be an advantage.