Delivering Early Benefits for Effective Business Case Management
Question
The executive has asked the project manager to plan for the 'e-learning course' to be used as soon as it is accredited.
The aim is to start selling the 'e-learning course' while the remainder of the outputs relating to classroom-based delivery are finished.
The sales of the 'e-learning course' will be entered into the business case.
Why is the executive's decision to deliver the benefits early appropriate for managing the business case?
Answers
Explanations
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A. B. C. D.C.
The executive's decision to deliver the benefits of the e-learning course early is appropriate for managing the business case for a few reasons:
Firstly, by starting to sell the e-learning course as soon as it is accredited, the organization can generate revenue from this product earlier than if they waited for all of the outputs relating to classroom-based delivery to be finished. This can help to demonstrate the financial benefits of the project, which can be included in the business case.
Secondly, the decision to deliver the e-learning course early aligns with the principle of focusing on products in PRINCE2, which is a project management methodology that emphasizes the importance of defining and delivering products (i.e. tangible deliverables) throughout the project lifecycle. By delivering the e-learning course early, the project team can focus on creating a tangible product that can be sold and used to generate revenue, rather than waiting until all of the outputs relating to classroom-based delivery are finished.
Thirdly, the decision to deliver the e-learning course early can help to justify the business case by demonstrating that the project is delivering incremental benefits over time. This aligns with the concept of incremental delivery, which is a key principle of agile project management methodologies. By delivering the e-learning course in increments, the project team can continually assess the benefits and adjust the project plan as needed to ensure that the business case remains valid.
Finally, it is important to note that the business case should be updated regularly to reflect changes in the project plan and to ensure that it remains aligned with the organization's goals and objectives. This includes updating the business case after every increment of the e-learning course is delivered to ensure that the benefits are accurately captured and documented. This can help to ensure that the business case remains a valuable tool for managing the project and making informed decisions.
In summary, the decision to deliver the benefits of the e-learning course early is appropriate for managing the business case because it can help to demonstrate the financial benefits of the project, aligns with PRINCE2 principles of focusing on products, supports incremental delivery, and requires regular updates to ensure that the business case remains valid.
