Ist 7020 Week 2 Business Case Study

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IST 7020 Business Case Template Paper In a perfect world a project would never fail. However, there are numerous reasons as to why a project does fail. Such as lack of planning, not knowing project risks, undefined objectives and goals, scope creep, unclear business requirements, or poorly defined roles and responsibilities in the business case. The business case defines why a project is being undertaken. Without a solid business case, a project will not stand up to scrutiny. This is particularly important if later on revisions have to be done. It’s best to save time and energy by creating a good business case Planning is crucial for a project to be successful. Strategic planning sets the direction or strategy for the organization.…show more content…
Objectives are Specific, Measurable, Achievable, Realistic and Timely (S.M.A.R.T.). These define the results expected as a direct consequence of the project’s completion. Such hard data verifies the value of the project, and makes it saleable to the community as well as the funding program. They include such items as: new products, services or technologies to be developed or utilized, new products, services or technologies to be developed or utilized or problems or issues resolved. A goal must state, in one or two sentences, the conditions that will exist if the goal is to be accomplished. The more well-defined a goal is, the easier it will be to understand what is required and to measure successful achievement. The scope creep in project management refers to uncontrolled changes in a project's scope. Typically, the scope expands by the addition of new features to an already approved feature list. As a result, the project drifts away from its original purpose, timeline, and budget. This change in scope often comes about from small, seemingly insignificant change requests that the project team accepts to keep the project sponsor happy. Eventually, the change requests become numerous enough that they are significant or one of the requests turns out to require much more work than…show more content…
One has to thoroughly understand the project vision. Meet with the project drivers and deliver an overview of the project as a whole for their review and comments. Understand your priorities and the priorities of the project drivers. Make an ordered list for your review throughout the project duration. Items should include budget, deadline, feature delivery, customer satisfaction, and employee satisfaction. Define your deliverables and have them approved by the project drivers. Deliverables should be general descriptions of functionality to be completed during the project. Break the approved deliverables into actual work requirements. The requirements should be as detailed as necessary and can be completed using a simple spreadsheet. Break the project down into major and minor milestones and complete a generous project schedule to be approved by the project drivers. Minor milestones should not span more than a

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