PROJECT MANAGEMENT - BUSINESS CASES AND GATEWAYS

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1、PROJECTMANAGEMENT-BUSINESSCASESANDGATEWAYSItcanbeassumedthatwheneveranorganisationembarksonaprojecttoimproveitsperformanceandresults,theprojectisexpectedtobringbenefitstothatorganisation.Thisstatementmightseemself-evident,butitrequirescaretoensurethatalltheeffectsofaproject(bo

2、thbenefitsanddisbenefits)areevaluatedinadvanceascarefullyaspossible,andthattheprojectiscloselymonitoredandre-evaluatedthroughoutitsprogress.Furthermore,itisvitaltoensurethatbenefitsarerealised.Forexample,anewITsystemcouldbeimplementedontimeandwithincostbudget,butifstaff,custom

3、ersorsuppliersresistmakinguseofnewfacilitiesoffered,thennobenefitswillberealisedfromtheproject.Thechallengeswillbedealtwithunderthefollowingheadings:.Constructingabusinesscase.Carryingouttheproject,keepingitunderconstantreview.ReviewingtheresultsCONSTRUCTINGABUSINESSCASEAtitss

4、implest,thiscouldsimplymeanshowingthataproposedprojecthasapositivenetpresentvalue(‘NPV’).Indeed,whenyouarecarryingoutanNPVcalculationyouareoftenpresentedwiththecashflowsexpectedtoarisefroma‘project’.However,applyingdiscountfactorstoasetofcashflowsisbyfartheeasiestpartofanyNPVc

5、alculation.Therealskillistobefoundinassessingwhatthecashflowsarelikelytobe.Itishere,forexample,thatpredictionsneedtobemadeaboutchangesinmarketshare,revenue,andcompetitorreactions.Constructingabusinesscase,therefore,needstobebrokendownintoaseriesofsteps:Identificationoftheorga

6、nisation’sdriversandwhereimprovementisrequired.Identificationoftheorganisation’sstakeholdersandhowtheyareaffected.Identificationandclassificationofbenefitsanddisbenefits.Planningofbenefitsrealisation.IDENTIFICATIONOFTHEORGANISATION’SDRIVERSANDWHEREIMPROVEMENTISREQUIREDAnorg

7、anisation’sdriversshouldrelatebacktoitsmissionanditsstakeholders’perceptionoftheorganisation’spurpose.Aprofit-seekingorganisationwillultimatelybeinterestedinincreasingshareholderwealthandanyprojectundertakenshould,atleastinthelongterm,leadtowardsthat.Not-for-profitorganisation

8、saremorecomplex,butinaschool,forexample,youwouldexpectchildre