First phase report 1: in summary it will include what is the organization, what are its problems and a brief about the solution. Word count should be between 1000 to 1500 words. · Why are we doing this project?· What is the project about?· How does this solution address key business issues?· How much will it cost and how long will it take?Total (10/10) General explanation about business cases.Purpose of a business caseThe term business case refers to the reasons, or justification, for a proposal. A business case should be comprehensive, yet easy to understand. It should describe the project clearly, provide the justification to proceed, and estimate the project’s financial impact. The business case is an important instrument in managing a BPM project, and has three main functions:1- At the start of the project, it will provide the information to allow a decision regarding whether to approve and fund the proposed project– in other words, whether the projected benefits warrant the requested investment, considering the risks and alternatives. The benefits to be realized as a result of this project need to be clearly specified.2- During the project, it will provide guidance to ensure that the project is still on track. This is crucial because the business will evolve during the lifetime of a project, and the project sponsor and project manager must continually check to ensure that the project will still contribute to the organization strategy and yield the desired benefits in relation to the projected costs. In other words, the project sponsor and project manager must continually ‘manage the business case’.3- After the project, it will enable the business and project team to evaluate whether the project has delivered the expected results (benefits) and contributed to the specified objectives, within the agree budget and timeframe. This evaluation provides crucial lessons, which must be taken into account in the next BPM projects.
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