Business Justification Project Management Principles

There are essentially 7 project management principles that you should know about.

Business justification project management principles. This means that projects must be aligned to the business objectives of the customer organization. It incorporates main and far reaching goals of the project and is also a reference point for project control at the milestone level. The continued business justification principle supports the need for a documented justification at the start and during the project so that decisions can be made with the business value in mind.

In other words we need to understand the benefits that a particular project will bring before committing ourselves to any significant expenditure. Each organization will have its own way of putting together a business case for a project and to justify what it s doing in business terms. The cost forecast initial and ongoing the expected benefits.

Prince2 training is available in many languages. The business case is regularly reviewed during the project to check its continued business justification. This principle prevents organizations from starting or continuing projects that cannot be validated in terms of corporate strategy.

The first principle is that a project must have continued business justification. It is adopted in many countries worldwide including the uk western european countries and australia. The business justification justification of project is created updated and controlled throughout the entire project.

Needless to say a project with inadequate justification will not or should not be started. This means that there is a rational reason for starting it from the beginning of the. Focus on deliverables what are the goals of this project.

Closely linked to business justification the focus on delivering value is strong throughout the lifecycle of any prince2 project. Prince2 derives its methods from 7 core principles. Collectively these principles provide a framework for good practice.