What is a Project Business Plan? When would you develop a Project Business Plan? A Project Business Plan is the management document for the project. It Approval to proceed to develop a Project is owned, maintained and utilised by the Business Plan is usually obtained from the Sponsor to ensure the delivery of project acceptance or approval of a preceding outputs and the realisation of project stage such as a Project Proposal, Project outcomes. Business Case or Feasibility Study. The Project Business Plan expands the approved proposal developed in these The Project Management Fact Sheet: documents in order to: Project Sizing can assist you to determine the size of your project. Provide specific details on the scope, governance, budget, resources, work Why would you develop a Project plan and milestones of the project. Business Plan? Define the project and quality A Project Business Plan is developed to management processes to be used provide: throughout the project. Comprehensive overview of all the Gain authorisation to proceed to the project components, how you intend next step of the project. to produce the outputs and describes the roles and responsibilities of each What you need before you start: of the parties in the governance structure of the project. Agreement to proceed with the development of the The Sponsor with a Project Business Project’s documented framework to ensure the Plan from the Project Sponsor or achievement of defined project Proposer. outcomes and to effectively monitor the project from start to finish. Knowledge and understanding of the development of a Project Business A formalised agreement between the Plan, as outlined in the Guidelines. Project Sponsor and the Project Any other project approval processes Manager of what needs to be done and when. that are required in your organisation. The document expands upon the original Optional: Project Proposal or the approved option in the Project Business Case enabling Endorsed document establishing the detailed definition of the scope and scope of the Project Business Plan, management of the project. which could be a Project Proposal or a Project Business Case, or as simple as an email from your manager. Knowledge and understanding of project planning, scope definition, stakeholder identification, risk identification and the development of work breakdown structures.
What is a Project Business Plan? A Project Business Plan is the management document for the project. It is owned, maintained and utilised by the Sponsor to ensure the delivery of project outputs and the realisation of project outcomes. The Project Management Fact Sheet: Project Sizing can assist you to determine the size of your project. Why would you develop a Project Business Plan? A Project Business Plan is developed to provide: Comprehensive overview of all the project components, how you intend to produce the outputs and describes the roles and responsibilities of each of the parties in the governance structure of the project. The Project’s Sponsor with a documented framework to ensure the achievement of defined project outcomes and to effectively monitor the project from start to finish. A formalised agreement between the Project Sponsor and the Project Manager of what needs to be done and when. The document expands upon the original Project Proposal or the approved option in the Project Business Case enabling detailed definition of the scope and management of the project. When would you develop a Project Business Plan? Approval to proceed to develop a Project Business Plan is usually obtained from the acceptance or approval of a preceding stage such as a Project Proposal, Project Business Case or Feasibility Study. The Project Business Plan expands the approved proposal developed in these documents in order to: Provide specific details on the scope, governance, budget, resources, work plan and milestones of the project. Define the project and quality management processes to be used throughout the project. Gain authorisation to proceed to the next step of the project. What you need before you start: Agreement to proceed with the development of the Project Business Plan from the Project Sponsor or Proposer. Knowledge and understanding of the development of a Project Business Plan, as outlined in the Guidelines. Any other project approval processes that are required in your organisation. Optional: Endorsed document establishing the scope of the Project Business Plan, which could be a Project Proposal or a Project Business Case, or as simple as an email from your manager. Knowledge and understanding of project planning, scope definition, stakeholder identification, risk identification and the development of work breakdown structures.
Project_business_plan_template_and_guide_for_small_projects.docx