- This topic has 12 replies, 6 voices, and was last updated 13 years ago by
.
- Posts
Dear sir,
What is the different between Business Case (BC) and Project Initiation Document (PID)?
I think that BC is a Draft plan and PID is detailed documentation.
Am I right?Looking for your reply.
Thanks.
Best regards,
Leornado
BC is just a part of the PID. PID contains lots more. BC concentrates on financial justifications.
- Topics: 0
- Replies: 1
- ☆
BC is generated by the sponsor of the project. It aim to show that it is a benefical project to undertake, the benefit of the project far out way the cost. However, PID is a document that is produce by the project manager after the BC has been approved.
- Topics: 1
- Replies: 10
- ☆
Please, From the tips, when you say People and strategy, do you mean a strategy to manage people or people on its own and the strategy types like lenses, etc?
Kidn Regards:
RichmondSir please explain the observable, measurable, quantifiable & financial benefits with the help of an example. I’m not able to understand these concepts. Please explain in an easy language without using any jargon. And please tell me that business case is made first or project charter is made first?
Observable. You see an effect but it is hard to measure. Eg staff morale might improve after new IT system introduced.
Measurable. You can measure, but only retrospectively and cannot predict changes. Eg sales increasing because of better web site.
Quantifiable . Measurable and predictable. Eg you can predict reduction in staff numbers that automation should bring.
Financial. Turn quantified benefits into money.
- Topics: 1
- Replies: 10
- ☆
Thank you very much sir, I tried to have downloaded the SA put it seems there are alot of things there and unfortunately I could not find a topic for “getting and manage the right people”, I have gone though Opentuition note but it seems the topic is not in the note. Could you pls help me to get a note and also a past question of it? Thank you very much in advance.
For getting and manage the right people, look at recent SA article on strategy and people.
Sir,
Is it true what tsion said:BC is generated by the sponsor of the project. It aim to show that it is a benefical project to undertake, the benefit of the project far out way the cost. However, PID is a document that is produce by the project manager after the BC has been approved…
- You must be logged in to reply to this topic.