PRINCE2 Foundation Practice: Purpose of the business case theme (With Mock Questions!)
Hello, Future PRINCE2 Professionals!
Today, we’re diving into an essential part of your PRINCE2 Foundation course: The Purpose of the Business Case Theme. This topic is crucial for your understanding and application of PRINCE2 principles, so let's get started!
Overview of the Business Case Theme
The Business Case theme in PRINCE2 is all about ensuring that every project has a justifiable reason for starting and continuing. It helps you determine whether a project is viable, desirable, and achievable. Essentially, it's the backbone of decision-making throughout the project lifecycle.
Key Learning Items
When studying the Business Case theme, focus on these key points:
⭐ The purpose of the Business Case
⭐ How the Business Case is developed and maintained
⭐ Roles and responsibilities related to the Business Case
⭐ How the Business Case aligns with the PRINCE2 principles
What You Need to Demonstrate
At the Foundation level, you need to show a clear understanding of:
🤓 The purpose of the Business Case and its importance
🤓 The different components of a Business Case
🤓 How to create and maintain a Business Case
🤓 The roles involved in the Business Case theme and their responsibilities
Key Things to Remember Before the Exam
✨ Understand the core components of a Business Case: reasons, options, benefits, risks, costs, and timescales.
✨ Remember that the Business Case is a living document, updated throughout the project.
✨ Know the roles of the Executive, Senior User, and Senior Supplier in maintaining the Business Case.
✨ Be familiar with how the Business Case supports the continued justification of the project.
Mock Questions
Here are some practice questions to test your knowledge. Try to answer them without peeking at your notes!
Q1 - What is the primary purpose of the Business Case in PRINCE2?
a) To define the project plan
b) To justify the initiation and continuation of the project
c) To allocate resources
d) To outline the project schedule
Q2 - Which role is ultimately responsible for the Business Case?
a) Project Manager
b) Team Manager
c) Executive
d) Senior Supplier
Q3 - When should the Business Case be updated?
a) Only at the start of the project
b) At the end of each stage
c) When there are significant changes to the project
d) Both b and c
Q4 - Which of the following is NOT a component of the Business Case?
a) Risks
b) Quality standards
c) Costs
d) Benefits
Q5 - How does the Business Case support PRINCE2’s principle of continued business justification?
a) By being created at the beginning of the project and never changed
b) By being reviewed and updated at each stage of the project
c) By being the sole responsibility of the Project Manager
d) By detailing the project schedule in detail
Answers and even more questions can be found in our PRINCE2 Foundation Revision Booklet
Good luck with your revision! Remember, understanding the purpose of the Business Case theme is critical to your success in the PRINCE2 Foundation exam. Keep practicing and stay confident – you’ve got this! 🌟
Happy studying! 📚