PRINCE2 Practitioner Study: Business Case (With Mock Questions!)
Hello Students! 👋
Welcome to your PRINCE2 Practitioner Study session focused on the Business Case. This is a crucial component of your PRINCE2 Foundation Course, and mastering it will set you on the path to success in your exam. Let's dive in together!
What is a Business Case?
The Business Case is a document that justifies the start of a project. It outlines the reasons for the project, the benefits, the costs, and the risks involved. Essentially, it answers the question: Why should we do this project?
Key Learning Items 📚
In this session, we will cover:
📝 The purpose of a Business Case
📝 The contents of a Business Case
📝 How to maintain and update the Business Case
📝 The importance of a Business Case throughout the project lifecycle
Demonstrating Your Knowledge
At this level, you need to show that you understand:
1️⃣ The role of the Business Case in PRINCE2
2️⃣ How to create a robust Business Case
3️⃣ How to evaluate and update the Business Case as the project progresses
4️⃣ The importance of keeping stakeholders informed and involved
Key Things to Remember Before the Exam
🔍 Review the PRINCE2 manual sections on Business Case thoroughly.
🔍 Understand the relationship between the Business Case and other PRINCE2 themes.
🔍 Practice writing brief Business Case summaries.
🔍 Familiarize yourself with different scenarios where the Business Case might change.
Mock Questions to Test Your Knowledge!
Q1 - What is the primary purpose of a Business Case in PRINCE2?
a) To define the project schedule
b) To justify the initiation of a project
c) To outline the project risks
d) To assign roles and responsibilities
Q2 - Which of the following is NOT typically included in a Business Case?
a) Project costs
b) Project benefits
c) Project schedule
d) Project risks
Q3 - When should the Business Case be updated?
a) Only at the start of the project
b) At the end of each stage
c) Whenever there is a significant change
d) Both b and c
Q4 - Who is responsible for ensuring the Business Case remains valid?
a) Project Manager
b) Project Board
c) Team Manager
d) Supplier
Q5 - Which document is the Business Case most closely linked to?
a) Project Plan
b) Risk Register
c) Communication Plan
d) Quality Register
Good luck with your studies! Keep practicing and revising, and you'll do great on your exam. Remember, understanding the Business Case is key to mastering PRINCE2. You've got this! 💪✨