Project Business Case Assignment PDF

PARTICIPATE IN A
PROJECT

PART A: QUESTION AND ANSWER.
1.1 Explain the features of a project business case
The project business case outlines the justification for project undertaking. The project
business care undertakes the cost associated with projects and the expected benefit with the
project once get completed (Henderson, 2015).
The following are the features of project business case are : Consideration of option - It includes the options available while consideration before the
beginning of the projects was adopted. Cost - The cost associated with the project business case is determined and estimated.
Also, the availability of fund is measured initially. Strategic element - It consists of strategic need to project associated with execution of the
project business case. Return on investment - It is based on expected costs and benefits associated with the
business case (Lloyd Walker, French, and Crawford, 2016) . Also, the expected returns
on investment are determined. Expected time scale and benefits - It measures the benefits of the organization by project
business case (Shahand, van Duffelen, and Olabarriaga, 2015). The time will also
determined in the organization in execution of project business case.
 Risks - The risks while performing project business case along with the measures to be
set for settling the risk associated with business case of the project.
1.2 Explain the stages of a project life cycle
The four stages of project life cycle are : Initiation - In this phase, the business problem, need and opportunity are determined.
Also, the objectives of the project are figure out on this stage. Along with it feasibility
and identification of deliverables of the project are determined (Shahand, van Duffelen,
and Olabarriaga, 2015). Stakeholders of the project are identified on this stage. At last
business case developed by comparison of potential benefits and cost. Planning - The project planning is executed under certain steps which includes project
plan creation. After this project diagram is prepare by creating workflow documents.
Then comes budgeting and financial planning step (Eshlaghy, and Razi, 2015). The
return on investment and budgets get fixed at this stage. After this step, the resources are

gathered like tools required of task completion. At last the risk is anticipated for business
case execution. Execution - This step consists of time of get towards the work,. The execution phase
helps to turn the planing into action (Arab Mansour, Millet, and Botta Genoulaz, 2017).
The project life cycle keeps tracking, organizing team members and manage timelines on
this stage.
 Closure - This is the last step of project life cycle. In this the final deliverables are
provided and also the resources occupied are released (Arab Mansour, Millet, and Botta
Genoulaz, 2017). The project and team performance are analysed on this stage.
1.3 Explain the roles of people involved in a project
Roles of people involved in project are :
Project manager
 Development of project plan.
 Manage and lead a project team.
 Assign task to team members of project.
 Provide updates on regular basis to upper management. Recruitment of staff of the project.
Project team member
 To provide expertise.
 The process documentation.
 Contribution to the overall objectives of project.
 Work with users in order to meed and establish needs of business. Complete the deliverables of individual
Project sponsor
 Execute business decisions in the project.
 Ensure the resource availability. Communication of goals of the project all over the organization.
Executive sponsor
 Approval of deliverables of project.
 Approval of changes to scope of the project. Provide additional funds for the changes according to the scope.

Business analyst
 To gather the requirements from users and business units.
 To validate the objectives test the solutions
 Document business and technical requirements.
1.4 Explain the uses of project-related information
The project related information are generated for the use of certain tasks, They are : Managing project record - The project manager need to undertake and maintain record
of projects (Lloyd Walker, French, and Crawford, 2016) . The manager keeps record up
to date. Business rules - The information related to project provides an aid to the project team in
order to faster adaptation in working of the company (Eshlaghy, and Razi, 2015). Project
related information can be supported with requirements of data available to executing
rules in business.
 Execution of the project - The project related information helps the project in execution
and performing project relate task efficiently.
1.5 Explain the advantages and limitations of different project monitoring techniques
The project monitoring techniques are :
Earned value analysis
Advantages
 Earned value analysis helps management that the project is undertaking on a proper track
or not. It can manage different multiple projects of a company.
Disadvantages
 This technique do not check for the quality of work for which the project lacks in
effectiveness. This is not possible to understand this analysis easily and the company need to hire
specialist for monitoring of project to use this technique (Shahand, van Duffelen, and
Olabarriaga, 2015). This increases overall expenses of the company.
Graphical evaluation and review technique (GERT)
Advantages
 This technique allows probabilistic and conditional treatment of logical relation.

 It allows additional feature of branching which is not provided by PERT and CPM.
Disadvantages
 GERT is a technique which contains of complex program that is Monte carol simulation.
1.6 Analyse the interrelationship of project scope, schedule, finance, risk, quality and resources
The triple constraint theory of project management is regarding the projects which
operates in the boundaries of scope, cost and time (Shahand, van Duffelen, and Olabarriaga,
2015). Also, the schedule, risk and finance are included in it as another element of this theory.
Every project has its finite budget, the consumers are willing to spend certain amount of
money for development of project (Lloyd Walker, French, and Crawford, 2016). Along with it,
time is scheduled for managing the time within a particular project. The cost of the project
increases with the reduction of scope. The scope of project is fully defined from the beginning of
the project (Henderson, 2015). The increase in scope of the project will directly impact on
quality, risk, resource, cost and time.

REFERENCES
Books and Journals
Arab Mansour, I., Millet, P. A. and Botta Genoulaz, V., 2017. A business repository enrichment
process: A case study for manufacturing execution systems. Computers in Industry. 89.
pp.13-22.
Eshlaghy, A. T. and Razi, F. F., 2015. A hybrid grey-based k-means and genetic algorithm for
project selection. International Journal of Business Information Systems. 18(2). pp.141-
159.
Henderson, R. M., 2015. Making the business case for environmental sustainability.
Lloyd Walker, B., French, E. and Crawford, L., 2016. Rethinking researching project
management: understanding the reality of project management careers. International
Journal of Managing Projects in Business. 9(4). pp.903-930.
Shahand, S., van Duffelen, J. and Olabarriaga, S. D., 2015. Reflections on science gateways
sustainability through the business model canvas: case study of a neuroscience
gateway. Concurrency and Computation: Practice and Experience. 27(16). pp.4269-4281.