A blog that looks at all aspects of project and program finances from budgets, estimating and accounting to getting a pay rise and managing contracts.
Written by Elizabeth Harrin from RebelsGuideToPM.com.
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Date
During the stage in a program lifecycle where you are identifying the need for a program, you’ll have to put together a business case.
You will need:
A program mandate
A program brief
Some business drivers
Strategy to taste
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Mix the strategic objectives for the program with the vision statement.
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Align the mix with the organisational context and the business environment.
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Add in the expected benefits. Don’t go too overboard here – you don’t want the mixture to over-inflate.
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Chop up the overall risk profile, and add in the major risks related to program delivery and benefit realisation. Don’t sprinkle in the entire list of risks; keep the detail in the risk register.
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Add in estimated costs and stir through the overall timescales.
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Does it look like you have enough costs in? If not, fold in some more now. Be generous but realistic!
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Stir to combine all the ingredients with the options and approaches, remembering to add in ‘do nothing’ at this point.
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Look at the mixture again. Does it look appetising? If not, whisk up the costs, objectives and benefits again until it does.
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Bake slowly and serve to the Senior Responsible Owner.
Hopefully it will be tasty and the Sponsoring Group will want to go ahead with it!
Posted on: August 02, 2010 04:36 PM |
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