Business Plan Wikipedia

Business Plan Wikipedia-29
Tip: Think about the Project Board decisions points.

Tip: Think about the Project Board decisions points.

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The objective here is to explain what these terms mean and, also, how they differ from one another.

As an alternative to definitions that may hang in the air, here are three focused questions to help explain Output, Outcome, and Benefits.

Output Question: What is the product that will be delivered by the project?

The Business Case is developed in the Initiation Stage and maintained during the project.

For example, the Executive might involve a person from the financial department to assist with financial information. It means to determine whether the Business Case is worthwhile.

This verification is done at a number of points throughout the project.

Where do you think would be good points in the project for the Project Board to Verify the Business Case or, in other words, to see if the Business Case is worthwhile?

You will find it much easier to understand these if you have listened to the Process Model podcast.

Outputs: The Outputs of a project are the products that the users will use.

These are also known as specialist products and the project is set up to create these products.

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