What is the value of developing a business case in project

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Reference no: EM133810334

Discussion Post: Project Initiation Phase

The project initiation phase is the first phase within the project management life cycle, as it involves starting up a new project. Within the initiation phase, the business problem or opportunity is identified, a solution is defined, a project is formed, and a project team is appointed to build and deliver the solution to the customer. A business case is created to define the problem or opportunity in detail and identify a preferred solution for implementation. The business case includes:

1) A detailed description of the problem or opportunity
2) A list of the alternative solutions available
3) An analysis of the business benefits, costs, risks and issues
4) A description of the preferred solution
5) A summarized plan for implementation

About Requirements- More than half of the errors in a project originate with the requirements and analysis activities done prior to product design. Requirements are the heart of any project. They describe what the outcome of a project must be, what it must do, or the qualities it must have. In order to be successful, the project manager and his or her team need to identify and manage the project requirements. However, knowing that one must identify and manage the project requirements and actually doing so are two different things. Most projects fail as a result of incomplete requirements, poorly written requirements or misinterpreted requirements.

Task

1) What is the value of developing a Business Case in project?

2) Discuss the various types of Requirements.

3) Address the significance of including the User-Experience (UX) in making project management as it applies to managing information technology.

Reference no: EM133810334

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