PRINCE2® Template
Doc:
Business Case:
Project:
Business Case
Author:
<name>
Project: _____________
<name>
Date:
<date>
Date: ____________ Version: ____
List the key points in the Business Case
Executive Summary List the important benefits and the return on investment (ROI))
<See next page for example>
List the main reasons for undertaking the project
Reasons for this project Explain how the project will enable the achievement of corporate strategies and objectives)
<See next page for example>
Option 1 List what will happen if nothing is done
Option 2 List an approach to meet the objectives (lowest costs approach)
Option 3 List another approach to meet the objectives
List the time scale if the project
List the timescale of the benefits
Timescale <See next page for example>
List a summary of the main risks for the project with information the the possible impact and plan to deal with these risks
Major Risks <See next page for example>
Project ROI Year 1
Cost xxx £0
Year 2
Year 3
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
£0
Year 1
£0
£0
Year 2
£0
£0
Year 3
£0
£0
Income per month £0
Income 12 month
Total costs per year
Total profit (expected benefits
Years Costs
Pen cost
Other project costs
HELP
Based on AXELOS PRINCE2® material. Reproduced under license from AXELOS. Based on MPLAZA material.
Written by: Frank Turley and Rafael Nolasco
PRINCE2® Template
Doc:
Business Case: Example
Business Case
Project:
Author:
The Pen Project
Rafael
Date:
06/06/2016
Date: 31/01/2017 Version: 1
Project: The Pen
Give out a quality pen to clients to increase contracts renewals
Main Benefits:
Executive Summary • Reduce loss of maintenance contracts by 50% : €42,200
• Increase new machine orders by 5%: €16,000
• Return on Investment: Cost = €4,800: Gain = €42,200
Build a better relationship with clients and reduce the loss in the renewal of maintenance contracts from 10% to 5%.
Reasons for this project CopyWorld365 had 4,200 maintenance contracts with an average profit of €200 per contract = €840,000.
A 10% loss in contracts is a loss of €84,000
Option 1 Do nothing : Continue losing contracts: loose €84,000
Option 2 Option 2: Offer a calendar: Value: not perceived as a quality item
Option 3: Offer pen that clients will continue to use :
• Value: Contacts will keep using the pens
Option 3 • Believe this will have the effect to reduce loss in contracts
• Project start: March 5th, Project End: May 31st (12 weeks)
Timescale • Measure benefits on 28/12/2013 and 31/05/2014
Major Risks There is risk that we can choose the wrong pen which the majority clients will not keep using the pen as expected
Year 2
Year 3
Project ROI Year 1
Cost xxx £4,800
£0
£0
Income per month £??
£0
£0
Income 12 month
Total costs per year
Total profit (expected benefits)
Years Costs
Pen cost
Other project costs
£42,000
£4,800
£0
£0
£0
£0
Year 1
Year 2
£10 by 400 pens: 4,000 £0
£800
£0
£0
£0
£0
Year 3
£0
£0
HELP
Based on AXELOS PRINCE2® material. Reproduced under license from AXELOS. Based on MPLAZA material.
Written by: Frank Turley and Rafael Nolasco