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PRINCE2 2009 - Business case part 5


The PRINCE2 approach

Overview

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In PRINCE2®, the Business Case is developed at the beginning of the project and maintained throughout the life of the project, being formally verified by the Project Board at each key decision point, such as end stage assessments, and confirmed throughout the period that the benefits accrue.

In this context:

Develop means getting the right information upon which decisions can be made
Verify means assessing whether the project is (still) worthwhile
Maintain means to update the Business Case with actual costs and benefits and current forecasts for costs and benefits
Confirm means assessing whether the intended benefits have been (or will be) realized. Confirming benefits will mostly take place post-project

The Business Case is at the centre of any impact assessment of risks, issues and changes by asking the question: how will this risk, issue or change affect the viability of the Business Case and the business objectives and benefits being sought?

Non - PRINCE2 information