A business case for hotel project
This is a hypothetical hotel project, please read a book “Zwikael, O.Y. & Smyrk, J.R. 2011. Project Management for the Creation of Organisational Value. London: Springer.” since it is important for this report writing. you must complete the report as following:
A Suggested Template: The Business Case
1.1. Purpose of document. In most cases this will simply confirm that the purpose of the document is threefold: to support a funding decision, to establish the project’s key parameters and to brief key stakeholders.
1.2. Overview of the project. Outline the project by briefly discussing the ‘‘shape’’ of the proposed initiative.
1.3. Project appraisal. Summary of benefits, disbenefits, costs and risk exposure.
2. Business context
2.1. Background. What led to this project?
2.2. Rationale and Strategic fit. Why this particular project at this particular time? How does this project fit into the organisation’s strategic or policy framework, and how does it rank amongst competing initiatives?
2.3. Organisational impact statement. What impact will the work of this project have on the organisation (especially demands for internal resources), and how will that impact be managed?
2.4. Scenario analysis. Where appropriate, discuss the ‘‘Now’’, ‘‘No’’ and ‘‘Yes’’ scenarios.
2.5. Analysis of options. What options (if any) were considered for the exercise? How were they ranked? Why is this the preferred option?
2.6. Related projects and programmes. To what projects and programmes is this one related, and how will those links be managed?
Three relationships are of interest: projects on which this one depends, projects that are interdependent with this one, projects that will depend on this one.
2.7. Assumptions and constraints. What values of key variables and conditions have been assumed? What constraints have been imposed on the project? What are the implications for the business case of changes in each of these?
3. Project Definition
3.1. Statement of scope
Project objective. A short statement that answers the question ‘‘Why is this project being funded’’
List of target outcomes. A simple list, supported below with definitions of each item.
List of committed outputs. A simple list, each item is defined below with a list of critical fitness-for-purpose features.
3.2. Outcomes definition. A table in which:
Columns are associated with target outcomes.
Rows with the (seven) attributes used to define a target outcome.
3.3. Undesirable Outcomes (optional). List, identify impactees and outline management programme.
3.4. Outputs definition. For each output, there is a list of its critical fitness-for-purpose features.
3.5. Excluded outputs (optional). Sometimes the scoping process generates expectations of outputs that are eventually culled from the scoping statement. In those cases, it may be helpful to display another list of outputs that are not in scope.
3.6. Utilisation map
3.7. Utilisation storyboards
3.8. Financial appraisal. Analysis of cashflows from the perspective of the funder.
4. Stakeholder analysis. Supported with a Stakeholder Register
5. Project Governance. Supported with: a governance model and role definitions for key players
6. High-level plan
6.1. Preliminary workplan. This includes a schedule of major milestones.
Estimates of duration should be based on assumed levels of resourcing and qualified with clear statements about their reliability, typically by showing ranges.
6.2. Resource plan and budget. The amount of resources and the budget required to complete the work of the project. These estimates should also be qualified with clear statements about their reliability, typically by showing ranges.
7. Issues and risks
7.1. Critical risks. Based on a Risk report.
7.2. Key issues. Based on an Issues report.
8. Recommended approach to planning
A high level outline of how the planning phase will be approached and managed.