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 Business Case is Dead  Business Case is Dead   Benefits   Benefits

In a basic economic assessment, regardless of how innovative a project idea is or how much pain will be removed by a project implementation, we assess the financial benefits that will be realised as well as the financial costs (development and operational) that are demanded. The financial savings will go into an assessment of the viability of the project.

Assessments are rarely performed on a purely economic basis. There are often legal and regulatory issues which will be addressed and, because of their mandatory nature, their costs are not assessed in the same way. If legal or regulatory requirements are to be delivered as part of another project, costs pertinent to these requirements are removed from the assessment.

Project delivery objectives are often time based.

This could be the most important part of your assessment, especially if there are no benefits to be achieved if the project is delivered after a certain time period. In this instance, you are trying to assess whether the benefits can be realised in that time not necessarily for a specific cost.

Naturally, very many projects are assessed on cost and time as well as other factors and the assessment itself can be complex.

More and more we see environmental assessments are an important part of the projects feasibility study as organisations concerned themselves with their carbon footprint and the wider green issues impacted by the organisational projects.

Nevertheless, the define stage will generate and offer a change proposal outlining the definition of the project. The report will be owned by the business sponsor and issued to the change board for agreement and sign off.


 Business Case is Dead     Business Case is Dead   Benefits    Benefits

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Economic and other feasibility


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