PPM: Managing the Business Case

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PPM: Managing the Business Case

Andy Jordan

May 18, 2009






As companies cut back on their budgets, it becomes more and more necessary to make smart decisions about which projects get approved, which ones are modified and which ones are rejected. Most organizations have formal processes for this project decision making, usually as part of the annual planning exercise. Invariably, the process involves senior (and by definition, expensive) resources and the cost involved in approving the project portfolio for the year is considerable. However, it’s a cost that is easy to justify because it is vital to the organization’s success to make smart decisions about how to spend your project budget.
 
However, after the initial decisions are made, they are rarely revisited. In many cases, the annual planning process is three to six months before the start of the year, so decisions are being made about the projects that will be implemented up to 18 months ahead. In that time, many things will change--just think about how different your company is from the end of 2007.



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