Project Management

MASY1-GC1250 – Project Management in the Information Age – Sp2022

Team Simulation Project – Project Business Case

For the second phase of the team simulation project, your team will be expected to create and submit a business case for your proposed project. This exercise builds from the project proposal created in the first phase and should address any feedback requested by your instructor in his comments regarding your team’s project proposal.

A template has been provided for the business case. It is included along with the assignment content in the designated assignment page in NYU Classes, as well as in the Templates folder in the Resources area. For your convenience, an example of a business case created by a team from a former course will also be provided.

The business case template incorporates aspects of your project proposal and specifically addresses the reasons why the project is being proposed. Most importantly, it includes details about the cost and benefits of the project and lists key factors affecting its success. Your business case should include each of the sections listed below. Detailed explanations of each section are included in the business case template. Please contact your instructor if any additional explanations or clarifications are needed:

· Executive Summary

· Current Situation

· Recommendation

· Options Considered

· Goals and Objectives

· Assumptions

· Constraints

· Critical Success Factors

· Costs and Benefits

· Project Delivery Schedule Summary

· Conclusion and Next Steps