A business case is a tool that supports planning and decision-making, in this case, whether to move forward with this Level 2 or Level 3 project. It answers the question "What are the financial benefits, opportunities, or weaknesses of approving this project?" A good business case shows expected financial consequences of the project over time and includes the methods and rationale that were used for quantifying benefits and costs. The business case is not a budget or a management accounting report or a financial reporting statement.
Business case development is a step organizations use for project selection, funding, and prioritization. It analyzes how the project will be used to implement the State of Michigan IT strategy. It tells the story of why the project is critical to the Department of Information Technology mission.
Completing the Business Case is required for Level 2 and Level 3 projects. This document is to be submitted to the Project Board along with the Project Charter and Project Schedule at Gate 2. The Business Case Template is available for use and the User Guide is available for reference below.
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