Business Case Template
Should a new project be initiated? Download this three-page Business Case template and work through that decision. This template helps with identifying the business problem, analyzing the problem, and ensuring any related project aligns with strategic objectives.
This fully editable Business Case template is developed by a PMP certified project manager to support good practices in project management. Its’ purpose is to define a business problem and document the justification for undertaking a new project.
Our Business Case template also provides for estimating the economic value of the project, identifying risks associated with not undertaking the project, and estimating the associated costs of performing the project. As a well-considered project document, it:
- begins with a section that captures relevant project information;
- provides sections for drafting an executive summary and describing the business problem;
- prompts the Project Manager to provide analysis about the problem, including why it exists, the impact of the problem, and how undertaking a related project aligns with strategic objectives;
- includes sections for describing the proposed project, and listing high-level project goals and deliverables;
- includes a section for defining benefits and the estimated economic value of the proposed project;
- provides sections for estimating human resource requirements, known procurement needs, and estimating project costs;
- prompts the Project Manager to list risks associated with doing nothing and risks associated with undertaking the project;
- provides sections for describing the proposed solution and the goals of the proposed solution;
- prompts the Project Manager to discuss the feasibility of the recommended solution;
- includes a section for attaching supporting documentation; and
- provides a section for authorizing the proposed project to begin the Charter process.
Who Creates the Business Case?
The person who creates the business case will vary, organization to organization. Regardless, it typically requires the input of others.
What Are the Inputs?
There are numerous inputs to the development of a Business Case, including government or industry standards, legal requirements, organizational culture, problem or broken systems and processes, and more.
Make Work Easier
We know this template will make your work easier. Want an even a better solution? Consider getting The Practitioner’s Book of Project Management Templates. Our e-book contains a complete set of editable, project management templates. It expedites development of project management plans and supports project managers throughout the project life cycle. By the way, it includes this Business Case template.