Business Needs Of A Project
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Benefits because the need describes the pain and the benefits describe the relief.
Business needs of a project. Projects must be assessed evaluated ranked and prioritised using a consistently applied methodology. A key part of any project is the project business case. The process must consider the project s fit with the organisational mission and strategic plan.
According to the babok guide there are three essential steps in defining the business need for a potential project. The project must provide sufficient information about the viability of the project s business case and the feasibility of its proposed solution. Needs are the basic drivers of change in an organization that are identified as requirements and implemented by hiring people implementing projects transforming operations and purchasing goods.
It might be a new initiative an extension of existing operations adding a new product to an existing product line or something that needs fixing. As a project manager you should have a full understanding of your project s needs. The organization has some problem it needs to solve so a project is initiated to resolve that situation.
Ideally projects are prioritized based on business need problem opportunity and the business case costs vs. The needs that your project addresses may not always be obvious. So before a project can really begin the business need and business case are defined either formally or informally.
Projects are done to fulfill business organizational needs. The following are common types of business need. Projects require an investment of not just money but time and effort thus the key question a business case must answer is is this project worth it.
This business case is at the heart of any project and outlines the justification for undertaking the project. Business needs defined at the highest level may include capability needs statements about providing certain services delivering a suite of products assisting others in need or ensuring the business s own operational effectiveness or improvement needs suggestions meant to increase efficiencies or decrease costs effort or time to market. The business need sets the stage for what comes next in the early part of a project such as the range of solution options to consider the set of stakeholders to involve and appropriate solution approaches to evaluate.
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