This course is a deep dive into the PRINCE2® Business Case Theme, which is one of the seven themes of the PRINCE2® project management method. This course will teach you about the PRINCE2® approach to business cases and the related documents.
Tommy van Schaik spent most of his academic and professional career as a linking pin between business and IT. His focus areas are: project management, IT governance, business processes, IT architecture, requirement engineering, and business rules.
Course Overview Hi everyone, and welcome to this course, PRINCE2 - The Business Case Theme. My name is Tommy van Schaik, and I'm currently employed as a project manager for the Dutch government who themselves are an early adopter of the PRINCE2 management method. PRINCE2 is a practical, project-based approach to project management, helping you with the project in either a management role, but also as a member of a project team. In this course, we will present you with a deep dive into the PRINCE2 business case theme. This team is one of the seven best practice knowledge areas within the PRINCE2 method. First, we'll discuss the PRINCE2 approach to business cases and how the business case theme fits in with the other PRINCE2 concepts. Then we will discuss how to develop a solid business case, but also how to make sure that the business case is kept up to date and that the benefits your project is producing are actually being measured. After this course, you will have learned how to successfully use the concept of a business case in your own project. And on top of that, you will definitely have the knowledge to continue this PRINCE2 practitioner learning path. Now this course is part of the PRINCE2 practitioner learning path put together to get you up to PRINCE2 practitioner level and getting you ready for both your foundation and practitioner exams. So let's go ahead and get started with PRINCE2 - The Business Case Theme, here at Pluralsight.
Developing a Business Case Hi everybody, and welcome back. This module will be all about the first step in having a good business case and maintaining that important continued business justification. In this module, we will take a deep dive into the development of a business case. Developing a business case is where you learn how to create a business case, and like we learned in the previous module, a business case is vital to any project. It is the justification for the time and resources your project is receiving from the organization. In this module, we will take a look at the way PRINCE2 approaches the development of a business case in the early stages of a project. (Acknowledgements) So in this module, we will first cover how developing a business case fits in with the other steps in PRINCE2's approach to business cases. Next, we will discuss the difference between an outline and a detailed business case, especially in what parts of the PRINCE2 process both documents are created. Important also is the content captured in a business case and why it's so vital to have all the different topics PRINCE2 prescribed for a business case actually present in that document. And finally, we'll discuss the roles and responsibilities. What are the different roles in a PRINCE2 project organization responsible for when it comes to developing a business case. A business case is an important document, and it is the foundation of a successful project. So whenever you're ready, let's go ahead and look at the way PRINCE2 approaches the development of a business case.
Example Business Case Hi everybody, and welcome back to the course PRINCE2 - The Business Case Theme. In this module, we will provide you with an example business case. Because the business case is such an important document, it is important that you get a good look and feel with the different topics within a business case. Getting the business case right will not only help you with managing your project, but it will also help you to pitch your project to your management because at the heart of every good management pitch is a solid business case. Now PRINCE2 does not describe exactly how to write a business case and what methods you should use to get the information needed for a business case. It just tells you what topics should be addressed in your business case based on the best practices gathered over the years. Once again, PRINCE2 is a method. It tells you what to do. You are free to choose your own format, methods, and level of detail. (Acknowledgements) Now we split this module up into two pieces. We'll start off with the fictional scenario we will be using for the business case. This will be a made up scenario, but it is based on a real life project. We just took out a lot of the detail, rounded up some numbers, and changed the names to keep things as simple as possible, but still realistic enough to be used as an example scenario. Next, we'll step through the example business case, discussing all the topics that should be covered in a business case in order for it to be useful in a PRINCE2 project. Alright, without further ado, let's go ahead with the example business case.
Verifying and Maintaining a Business Case Hi there, and welcome back. Now that you've learned about the process of creating a business case and the content of the business case, it's time to talk about verifying and maintaining a business case. Because the environment of a project is constantly moving, it's not enough just to create a good business case, but it is also imperative that the business case be kept up to date and that it is verified whenever it changes. An up to date and verified business case makes sure that the project does not only start off with a good business justification, but it maintains a business sanity as the project progresses. This is an aspect vital to grasp because failing to see when a project is no longer worthwhile is one of the major reasons for over time and over budget projects we refer to as runaway projects. (Acknowledgements) Alright, so in this module, we're first going to explain what verifying and maintaining a business case means and how it connects with the rest of the business case theme. Then we're going to show how a company could suffer from a project that is carried out and managed successfully, but does not have a verified business case. After that, we're going to look at what point in the PRINCE2 process a business case is verified and at which point the business case is usually updated. Finally, we're going to look at the roles and responsibilities regarding the verification and the maintenance of a business case. Alright, now let's go ahead and see why it's so important to verify and maintain that business case.
Confirming the Benefits Hi there, and welcome to the last module of this course, PRINCE2 - The Business Case Theme. This module will explain everything you need to know about confirming the benefits of a project on your way to becoming a PRINCE2 practitioner. Confirming the benefits is an important topic and sometimes an overlooked aspect of project management. It is there to measure whether the project's benefits were actually realized during or after the project. The benefits were the reason the project was started, so it seems only natural that the organization will want to know if the benefits are actually realized. It is often forgot to put a system in place that the benefits can also be measured long after the project is done. PRINCE2 counters this problem by the last step in the business case theme, confirming the benefits. Here you will learn about this last step and the benefits management approach that aids the project by describing how the benefits should be measured. (Acknowledgements) So in this module, we will first explain the concepts of the last step in the PRINCE2's approach to the business case, confirming the benefits. Next, we will look at the PRINCE2 process and pinpoint the times and the roles and responsibilities associated with confirming the benefits. And finally, we will take a look at the key document in confirming the benefits, the benefits management approach. You will use the benefits management approach to describe how the benefits of a project will be measured, and not just during the project, but also when the project is already finished. Alright, so let's get ready for the last module in this course, Confirming the Benefits.