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Business Case Development
- Why project was funded?
- Decision Analysis
- Feasibility Study
- Cost Benefit Analysis
- Payback Period
- Financial Analysis
- Give Recommendations
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Project Initiation Reason
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Problem
- Root Cause Analysis
- Eliminate Costs
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Outside Regulation
- cost benefit analysis/ risk assessment
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Opportunity
- project by choice - new offering out of customer
- feedback, competitor offering, possible opportunity to reduce cost.
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Marketing/ Advertising
- increase revenue
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Align Business Processes
- COTS packages - rfi, rfq, rfp
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Strategic Planning
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Portfolio & Project Management
- Research corporate knowledge before starting on a project
- How project related to other projects/ groups
- Communicate Strategic Plans
- High level business goals - Linkage to projects/ programs
- big picture, alignment to the same
- see strategy from the view of the management
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Architecture
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Business Architecture
- Goals/ Org Chart/ Locations/ SWOT/ Products, Services
- Information Architecture
- Application Architecture
- Technology Architecture
- Security Architecture
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Project Initiation
- Approach & Methodology
- Statement of Purpose/ Elevator Pitch
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Objectives
- Specific/ Measurable/ Agreed upon/ Realistic/ Time framed
- Problems/ Opportunities
- Stakeholders
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Business Risks
- Risk/ Probability/ Risk Response/ Impact
- Out of Scope
- Assumptions
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Scope of Business Areas
- Context Diagram
- Business Use Case Diagram
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Ongoing Activities
- Revisit Scope Frequently
- Scope Creep