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Explain how you would determine which type of Business Case is delivered between a portfolio or programme.

Question

Explain how you would determine which type of Business Case is delivered between a portfolio or programme.

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Solution 1

Sure, here are the steps to determine which type of Business Case is delivered between a portfolio or programme:

  1. Understand the Definitions: A portfolio refers to a collection of projects or programmes and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. A programme is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.

  2. Identify the Scope: If the business case is addressing a broad range of related projects that are managed together to achieve a common goal, it is likely a programme business case. If the business case is addressing a collection of projects, programmes and other work that are not necessarily related but are grouped together to meet strategic business objectives, it is likely a portfolio business case.

  3. Look at the Objectives: The objectives of a portfolio are typically strategic, such as achieving overall business goals or balancing resource allocation. The objectives of a programme are typically more operational, such as delivering a specific product or service.

  4. Consider the Management: Portfolio management is about selecting and managing an array of projects and programmes that align with strategic objectives and balance risk. Programme management is about coordinating, directing, and implementing a set of related projects to achieve a specific outcome.

  5. Evaluate the Benefits: In a portfolio, the benefits are typically realized at a strategic level, such as increased profitability or market share. In a programme, the benefits are typically more tangible and immediate, such as the delivery of a new product or service.

By considering these factors, you should be able to determine whether the business case is for a portfolio or a programme.

This problem has been solved

Solution 2

Sure, here are the steps to determine which type of Business Case is delivered between a portfolio or programme:

  1. Understand the Definitions: A portfolio refers to a collection of projects or programmes and other work that are grouped together to facilitate effective management of that work to meet strategic business objectives. A programme is a group of related projects managed in a coordinated way to obtain benefits and control not available from managing them individually.

  2. Identify the Scope: If the business case is addressing a broad range of related projects that are managed together to achieve a common goal, it is likely a programme business case. If the business case is addressing a collection of projects, programmes and other work that are not necessarily related but are grouped together to meet strategic business objectives, it is likely a portfolio business case.

  3. Look at the Objectives: The objectives of a portfolio are typically strategic, such as achieving overall business goals or objectives. The objectives of a programme are typically more specific, such as delivering a specific product or service.

  4. Consider the Management: Portfolio management is about selecting the right projects and programmes, prioritizing them, and providing the necessary resources. Programme management is about coordinating, directing, and implementing to deliver the intended benefits.

  5. Evaluate the Benefits: In a portfolio, the benefits are typically strategic and long-term, such as increased market share or improved business efficiency. In a programme, the benefits are typically more immediate and tangible, such as the delivery of a new product or service.

By considering these factors, you should be able to determine whether the business case is for a portfolio or a programme.

This problem has been solved

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