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A business case captures the reasoning for initiating a project or task. It is often presented in a well-structured written document, but may also sometimes come in the form of a short verbal argument or presentation . The logic of the business case is that, whenever resources such as money or effort are consumed, they should be in support of a specific business need.
In project management , a project charter , project definition or project statement is a statement of the scope, objectives and participants in a project. It provides a preliminary delineation of roles and responsibilities, outlines the project objectives, identifies the main stakeholders, and defines the authority of the project manager. It serves as a reference of authority for the future of the project. The terms of reference is usually part of the project charter. The project charter is usually a short document that refers to more detailed documents such as a new offering request or a request for proposal . In Initiative for Policy Dialogue (IPD), this document is known as the project charter.
A project team is a team whose members usually belong to different groups, functions and are assigned to activities for the same project. A team can be divided into sub-teams according to need. Usually project teams are only used for a defined period of time. They are disbanded after the project is deemed complete. Due to the nature of the specific formation and disbandment, project teams are usually in organizations . A team is defined as “an interdependent collection of individuals who work together towards a common goal and who share responsibility for specific outcomes of their organizations”. [ 1 ] An additional requirement to the original definition is that “the team is identified as such by those within and outside of the team”. [ 2 ] As project teams work on specific projects, the first requirement is usually met.
A Project Management Office (PMO) is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization. The PMO strives to standardize and introduce economies of repetition in the execution of projects. The PMO is the source of documentation , guidance and metrics on the practice of project management and execution.