Posts Tagged ‘ Business Justification ’

Earned Value Analysis for Justification of Continuous Value

May 20, 2018
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Earned Value Analysis for Justification of Continuous Value

Business justification demonstrates the reasons for undertaking a project. It answers the question “Why is this project needed?” Business justification drives all decision making related to a project. So, it is important to assess the viability and achievability of a project not only before committing to significant expenditures or investment at initial stages of the…

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What justifies your Project?

July 16, 2017
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What justifies your Project?

A routine question before starting a project is “Why is this needed?” Such a question might be posed by primary school students who are assigned to create a diorama about the water cycle. But the question is just as likely to be raised when dealing with large projects in the corporate world. The answer to…

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How to Estimate Project Value

June 29, 2017
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How to Estimate Project Value

Business justification is first assessed prior to a project being initiated and is continuously verified throughout the project lifecycle. This is a very important step in Scrum framework. The project should make business sense in each and every part of its lifecycle. Estimation of the project value is a major way of establishing business justification.…

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