{"id":48,"date":"2022-01-04T21:06:23","date_gmt":"2022-01-04T21:06:23","guid":{"rendered":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/chapter\/2-0-learning-objectives-and-overview\/"},"modified":"2024-12-21T04:48:33","modified_gmt":"2024-12-21T04:48:33","slug":"2-0-learning-objectives-and-overview","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/chapter\/2-0-learning-objectives-and-overview\/","title":{"rendered":"2.0 Learning Objectives and Overview"},"content":{"raw":"<div class=\"textbox textbox--learning-objectives\"><header class=\"textbox__header\">\r\n<p class=\"textbox__title\">Learning Objectives<\/p>\r\n\r\n<\/header>\r\n<div class=\"textbox__content\">\r\n<ol>\r\n \t<li>Define the business strategy and goals that constitute the basis of business cases and projects in an organization, and describe the strategy cycle.<\/li>\r\n \t<li>Create SMART objectives that can be used in business cases, project charters, and project management plans.<\/li>\r\n \t<li>Outline the content of a business case that would lead to the selection of projects.<\/li>\r\n \t<li>Employ a variety of selection models to select projects.<\/li>\r\n<\/ol>\r\n<\/div>\r\n<\/div>\r\n<h2>Overview<\/h2>\r\nProjects don\u2019t start from out of nowhere. Before the organization\u2019s project selection committee and\/or executive management decides which projects the organization can go with, the reasons for starting a project must be delineated in a pre-project stage. This stage often consists of preparing a business case accompanied by a needs assessment and a benefits realization management plan. A business case is a document that helps an organization decide whether the project will have a positive economic, financial, and\/or social impact. Business analysts, systems analysts, product managers, or a team composed of them and relevant stakeholders can prepare a business case.\r\n\r\nIn many cases, which are not rare, project managers can be assigned the task of creating a business case during the initiation of a project if the project\u2019s feasibility hasn\u2019t been assessed before. Organizations produce plenty of business cases in which the organizational needs are detailed. However, due to the scarcity of resources, time, and budget, and also considering the boundaries determined by the organizational priorities and strategic objectives, organizations choose only some of the business cases and their solutions as projects to develop. Project managers may not participate in this process. Nevertheless, it is of utmost importance for the project managers and teams to be familiar with the process since business cases constitute the basis of projects, and they include fundamental information about the projects. Business cases are used as input to conceptualize a project and lead directly to preparing a project charter through which project managers can be authorized to start the project.","rendered":"<div class=\"textbox textbox--learning-objectives\">\n<header class=\"textbox__header\">\n<p class=\"textbox__title\">Learning Objectives<\/p>\n<\/header>\n<div class=\"textbox__content\">\n<ol>\n<li>Define the business strategy and goals that constitute the basis of business cases and projects in an organization, and describe the strategy cycle.<\/li>\n<li>Create SMART objectives that can be used in business cases, project charters, and project management plans.<\/li>\n<li>Outline the content of a business case that would lead to the selection of projects.<\/li>\n<li>Employ a variety of selection models to select projects.<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<h2>Overview<\/h2>\n<p>Projects don\u2019t start from out of nowhere. Before the organization\u2019s project selection committee and\/or executive management decides which projects the organization can go with, the reasons for starting a project must be delineated in a pre-project stage. This stage often consists of preparing a business case accompanied by a needs assessment and a benefits realization management plan. A business case is a document that helps an organization decide whether the project will have a positive economic, financial, and\/or social impact. Business analysts, systems analysts, product managers, or a team composed of them and relevant stakeholders can prepare a business case.<\/p>\n<p>In many cases, which are not rare, project managers can be assigned the task of creating a business case during the initiation of a project if the project\u2019s feasibility hasn\u2019t been assessed before. Organizations produce plenty of business cases in which the organizational needs are detailed. However, due to the scarcity of resources, time, and budget, and also considering the boundaries determined by the organizational priorities and strategic objectives, organizations choose only some of the business cases and their solutions as projects to develop. Project managers may not participate in this process. Nevertheless, it is of utmost importance for the project managers and teams to be familiar with the process since business cases constitute the basis of projects, and they include fundamental information about the projects. Business cases are used as input to conceptualize a project and lead directly to preparing a project charter through which project managers can be authorized to start the project.<\/p>\n","protected":false},"author":3,"menu_order":1,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-48","chapter","type-chapter","status-publish","hentry"],"part":47,"_links":{"self":[{"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/pressbooks\/v2\/chapters\/48","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/wp\/v2\/users\/3"}],"version-history":[{"count":3,"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/pressbooks\/v2\/chapters\/48\/revisions"}],"predecessor-version":[{"id":732,"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/pressbooks\/v2\/chapters\/48\/revisions\/732"}],"part":[{"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/pressbooks\/v2\/parts\/47"}],"metadata":[{"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/pressbooks\/v2\/chapters\/48\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/wp\/v2\/media?parent=48"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/pressbooks\/v2\/chapter-type?post=48"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/wp\/v2\/contributor?post=48"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ulib.csuohio.edu\/projectmanagement2ndedition\/wp-json\/wp\/v2\/license?post=48"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}