Business Case—Best Practices for Success with Klaus Nielsen
What You Will Learn
Upon completion of this training, learners will be able to:
- Identify the common elements of a business case.
- Apply comprehensive, concise, and ready-to-use tools to build a business case.
- Demonstrate their enhanced problem-solving, communication, and presentation skills.
Description
The purpose of a business case is to document the justification for the project’s undertaking; gain management commitment; provide a framework for planning and management of the business change; and enable monitoring and measuring the benefits realization of the project—but that’s easier said than done. Many practitioners are familiar with the concept of a business case, yet we rarely talk about the same kind of business case, and content/quality varies from case-to-case.
In this training, we will cover the common best practice elements found in a business case, such as project description/context, strategic alignment, financial case, risk assessment, alternative evaluation, project management plan, economic case, stakeholder analysis, executive summary, commercial case, and change management. Each element will be illustrated by a range of tools and techniques from across the globe.
This training utilizes an engaging, hands-on approach, and learners will work in groups on an ongoing business case that will be developed, presented, and discussed. For each element of the business case, you will have the opportunity to work with various templates, tools/techniques, and approaches.
After the training, the comprehensive training materials contain all you need in order to apply these tools and techniques, combined with a library of great templates.
AGENDA
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- Project Integration Management
- Project Scope Management
- Project Schedule Management
- Project Cost Management
- Project Quality Management
- Project Resource Management
- Project Communications Management
- Project Risk Management
- Project Procurement Management
- Project Stakeholder Management
- End-of-Day Retrospective
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- Executing, Monitoring, and Controlling Game Day—Simulation Day 2
- Building the Strategic Outline Case
- Step 2: Making the Case for Change
- Step 3: Exploring the Way Forward Building the Outline Business Case
- Step 4: Determining Potential VFM
- Step 5: Preparing for the Potential Deal
- Step 6: Ascertaining Affordability and Funding Requirements
- Step 7: Planning for Successful Delivery Building the Full Business Case
- Step 8: Procuring the VFM Solution
- Step 9: Contracting for the Deal
- Step 10: Ensuring Successful Delivery Lessons Learned: “The Minimum Viable Business Case” (including the agile business case, complementary tools and techniques, and business case alignment with PMI standards)
Videos, supporting slides, and lecture were valuable in understanding the material. Activities were helpful in learning applicability in real workplace scenarios. The instructor was knowledgeable and managed time of the event well.
September 2023 Attendee
PDU Allocation Table
| Ways of Working | Power Skills | Business Acumen | Total | |
|---|---|---|---|---|
| CAPM® / PMI-CP™ / PMP® / PgMP® | 4.5 | 2 | 7.5 | 14.00 |
| PMI-ACP® / Agile* | 4.5 | 2 | 7.5 | 14.00 |
| PMI-SP® | 0 | 2 | 7.5 | 9.50 |
| PMI-RMP® | 0 | 2 | 7.5 | 9.50 |
| PfMP® | 4.5 | 2 | 7.5 | 14.00 |
| PMI-PBA® | 4.5 | 2 | 7.5 | 14.00 |
 |  |  |  |
Instructor(s)
Klaus Nielsen
Klaus Nielsen is managing partner in Global Business Development, an organization specialized in organizational project, program and portfolio management for private and government organizations across the Nordic region.
Mr. Nielsen has more than 20 years of professional experience within project management where he is deeply involved in his various IT projects/programs on a day-to-day basis. The projects/programs range from agile project/transformations to traditional projects/programs in the 20+ million US dollar budget range. When not involved in actual projects/programs, Klaus is a veteran PMI certifications prep courses trainer and teaches at the IT University of Copenhagen in project, program and portfolio management.
He is a seasoned degree holder from various universities such as Cambridge University (UK) and The IT University of Copenhagen, he also has two MBAs from recognized American universities. Klaus also holds more than 30 professional certifications within this field.
He is the author of the books I am Agile; Mastering the Business Case, Achieve Business Analysis Certification and Agile Certified Practitioner Exam, and the writer of several PMI articles such as “The Business Case,” “Product and Process,” “Project Management – Fast and Slow,“ “The Next Level of Big Visible Charts,” and “Software Estimation Using a Combination of Techniques.”