Do you need customer support or technical assistance? Click here to submit a support ticket...

TOPIC: Business case vs Project charter

Business case vs Project charter 1 year 4 months ago #13197

  • Abhilash Tiwari
  • Abhilash Tiwari's Avatar Topic Author
  • Offline
  • Fresh Boarder
  • Fresh Boarder
  • Posts: 1
  • Thank you received: 0
When do we consider that business case is closed. is it with completion of project charter or when we close the project.

Business case vs Project charter 1 year 4 months ago #13198

  • Ty Weston, PMP
  • Ty Weston, PMP's Avatar
  • Offline
  • Gold Boarder
  • Gold Boarder
  • Posts: 207
  • Karma: -1
  • Thank you received: 34
The Business Case is an assessment and/or feasibility study which becomes an input to the Charter. It is used as a basis for a future project. In this regard, a Business Case is complete when it meets its goals. This study is then used with the Project, if that is the need, to support its justification.
The Business Case in a way is a self contained study, not something really closed, but something that could be used during a project.
I would also have to say that a Business Case itself, could be the result of a project meant to create one.
Last edit: by Ty Weston, PMP.

Business case vs Project charter 1 year 4 months ago #13210

  • Genevieve Pluviose, PMP
  • Genevieve Pluviose, PMP's Avatar
  • Offline
  • Expert Boarder
  • Expert Boarder
  • Posts: 90
  • Karma: 1
  • Thank you received: 11
The Business Case is not something monitored for closure.

Business case vs Project charter 1 year 4 months ago #13334

  • Steven Mudrinich, PMP
  • Steven Mudrinich, PMP's Avatar
  • Offline
  • Moderator
  • Moderator
  • Posts: 125
  • Karma: 4
  • Thank you received: 20
Abhilash,

Think of the business case as an input to the project charter. Once the charter is complete, you do not need to worry about the business case anymore. Your project will need to meet objectives highlighted in the business case, but that's separate from the project management processes we learn in the PMBOK.

- Steven
Moderators: Yolanda MabutasScott GillardMary Kathrine PaduaSteven Mudrinich, PMPCynthia Lim Louis, PMPTracy Shagnea, PMPPatrick Floris PhD PMPJoe PangJason YorekLuke HoSimone ChristieAmy MartinezDaniel DewartEmily Rivera

OSP INTERNATIONAL LLC
OSP INTERNATIONAL LLC
Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®

Login
17-Jul-2019: Free PMP Exam Coaching Webinar with Dan Ryan Register Now...