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How often do organizations revisit business case metrics (e.g., NPV, ROI, payback period) during project execution?

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Eduard Hernandez
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Corporate Project Manager - Tech Transfer| Neuraxpharm Barcelona, Cataluña, Spain

Many projects are approved based on a business case containing financial projections and assumptions that may no longer be valid months or years later. Yet, in my experience, once a project is authorized, the focus often shifts to scope, schedule and cost (and risks), while the expected business value receives less scrutiny.

I'm interested in understanding how frequently my peers revisit business case assumptions and what governance mechanisms are used to ensure that projects continue to deliver the value originally envisioned.

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Kiron Bondale Retired | Mentor| Retired Welland, Ontario, Canada
Eduard -

This is one symptom of higher organizational PM maturity when the expected outcomes for the project are assessed as regularly as the delivery health. When I worked for a large Canadian bank within their EPMO, we had a fairly mature benefits management framework supported by a progressive funding model such that expected benefits (usually financial) were assessed at the same frequency as delivery metrics and thresholds for those in place such that if there was sufficient erosion of benefits, the project or program would not receive the next tranche of funding. Depending on the scale and complexity of the initiative, such reviews could occur monthly or quarterly.

Kiron
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Luis Branco CEO| Business Insight, Consultores de Gestão, Ldª Carcavelos, Lisboa, Portugal
An excellent question.

I would argue that the real issue is not how often organizations revisit NPV, ROI or payback.
It is how often they revisit the assumptions that made those metrics meaningful in the first place.

Markets change, strategies evolve, regulations shift and stakeholder priorities shift.
Once those assumptions no longer hold, financial metrics simply reflect a different reality.

Perhaps business case governance should focus less on recalculating financial indicators and more on continuously validating the business need, strategic assumptions, expected benefits, value hypothesis and the ongoing justification for the investment.

A business case should not be treated as an approval document. It should remain a living decision framework that continuously validates whether the investment still deserves organizational commitment as reality evolves.
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Lissette Indhira Pimentel Sosa
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Program Manager| HARPER SRL Santo Domingo / Distrito Nacional, Dominican Republic
They're usually reviewed at major stage gates, steering committee meetings, or when there's a significant change in scope, cost, timeline, or market conditions.
If the assumptions behind the business case change, I think it's worth revisiting the expected benefits as well. Otherwise, a project can be delivered successfully while no longer providing the value it was originally approved to create.

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