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Use this template to detail the contribution of the project to the overall business strategy, options considered, benefits, timescales, costs, expected return on investment, and risks. This template also provides an example for each element.
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Use this template to enter general information about the business case such as the document number, company name and department, project name and its sponsor, and date when the template was first used. Then, introduce the business case with a brief background, problem statement, strategic objectives, and related projects, and break down each solution option with its description, benefits, disadvantages, timescale, costs, and major risks then state the preferred option and why. Assign an action with a priority level and due date for any type of procurement that needs to be undertaken. Next, list key milestones and deliverables with a date, or elapsed time from the start of the business case, add photos or attach files where appropriate, and indicate details on governance, progress monitoring, how the business case will be kept updated, and how different versions will be identified. Finally, complete the business case with additional comments and digital signature of the project manager.
Use this template to document the reason for the project, different options available, anticipated improvements, estimated costs, underlying risks such as unforeseen costs and extra labor, schedule with milestones, assessment e.g. what could happen if the project isn't undertaken, and recommendation.
This simple project risk assessment template helps project managers describe and record project risks so that they prepare for them in advance. Within the project risk assessment template are easy-to-follow instructions based on how likely it is for the identified risk to occur and on the sufficiency of mitigation resources needed to combat the risk. Project managers can use this project risk assessment to do the following: 1) Identify expected and potential risks, 2) Determine the impact of these risks on project deliverables, 3) Create a mitigation plan outlining the steps, resources, and people involved, 4) Form general contingency plans using the example provided, and 5) Decide how employees will participate in risk monitoring.
This general project risk assessment helps project managers view project risks as part of the bigger picture, which includes the project goals, constraints, and dependencies. This general project risk assessment template also highlights the importance of mitigation resources in assessing project risks. Using this general project risk assessment template, project managers can do the following: 1) Describe project goals and project deliverables, 2) Identify risks that could impact project deliverables, 3) Determine if these risks are expected or potential, critical or comfortable, 4) Outline the mitigation plan for these risks, including specific corrective actions, and 5) List constraints/dependencies and determine their effect on risk management.
