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A Value Proposition

Many potential projects that are considered for funding will ultimately not be approved despite significant time and effort spent on their business cases. Starting with a Value Proposition document can help weed out the less promising projects before a more detailed business case is necessary.

Tom Mochal

President, TenStep Inc

Tom Mochal, PgMP, PMP, TSPM is the president of TenStep, Inc. (www.TenSt…

Your executive team needs good solid information when they make decisions about the internal projects to undertake in the next fiscal year. This “solid” information normally comes through a Business Case. The Business Case describes the business benefit of work along with the costs, risks, assumptions, constraints, etc. The Business Case is a rigorous document that provides enough context and detail so that an appropriate business decision can be made on the viability, benefit and alignment of a project.

 

The problem with the Business Case is that it requires a lot of work. This work is fine if there is a decent likelihood that the project will get approved. …


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John D'Entremont

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Tom Mochal

President, TenStep Inc
Tom Mochal, PgMP, PMP, TSPM is the president of TenStep, Inc. (www.TenSt…

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