PRINCE2 Business Case
A PRINCE2 business case is a component of the Project Initiation Document (PID) and lies at the heart of every PRINCE2 project. It is the key driver of all projects undertaken using the PRINCE2 method.
PRINCE2 business cases will contain justifications for a project such as value for money for what is to be done and why it should be done now.
The format of a PRINCE2 business case is not prescribed in the PRINCE2 methodology and will therefore vary from company to company, however as a guideline the following questions should be considered.
- Why do we need to undertake this project?
- What are the business benefits?
- What are the risks?
- What are the potential costs?
- How long will the project take?
During the project a PRINCE2 business case is a major control document that is referenced on a regular basis to ensure and confirm that the project remains viable..