Posts Tagged ‘ Business Value ’

Business Justification and the Project Lifecycle

May 26, 2018
Business Justification and the Project Lifecycle

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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How to Estimate Project Value

June 29, 2017
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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