PMP Exam Prep Power Hour Episode 37: Understanding the Business Case #PMPiZenBridge

Welcome to Episode 37 of our PMP Exam Prep Power Hour! 🎉 In this session, we dive deep into the Business Case—a critical document that justifies the need for a project, aligning it with your organization's strategic goals and financial viability. Whether you're preparing for the PMP exam or managing real-world projects, understanding the business case is essential.

📚 What You’ll Learn:
🤔 What is a Business Case?: Explore the fundamentals of a business case and why it’s more than just another project document.
📝 Key Elements of a Business Case: Understand the essential components, from executive summaries to risk assessments.
👥 Who Prepares and Approves a Business Case?: Learn about the roles involved in the creation and approval of a business case.
🎯 The Role of the Project Manager: Discover how project managers contribute to and are impacted by the business case.
🛠️ Using the Business Case in Project Selection: See how business cases guide decision-making in selecting the right projects.
🔄 The Continuous Relevance of a Business Case: Understand how the business case remains a living document throughout the project lifecycle.
⚖️ Business Case vs. Contract & Project Charter: Compare these critical documents to understand their distinct roles in project management.
🎓 Why Watch?
This episode is packed with practical insights and examples that are crucial for your PMP preparation. 🌟 Whether you're a seasoned project manager or just starting, this session will equip you with the knowledge to leverage business cases effectively.

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🤝 Join the Community:
Stay connected with us on LinkedIn, YouTube, and WhatsApp for more tips and insights on PMP preparation and project management best practices. Don’t forget to hit the subscribe button and turn on notifications! 🔔

#PMPExam #ProjectManagement #BusinessCase #PMBOK #PMPPreparation #PowerHour #ProjectManager #Agile #IzenBridge #PMPiZenBridge

0:00 Introduction
01:49 What is Business Case
03:35 Project without Business Case
06:05 Role of Project Manager in Business Case Preparation
08:05 Who prepares Business Case?
10:48 Key details in Business case
16:01 Business Case Vs Contract
16:57 Business Case Vs Project Charter
18:27 Business Case and Project Execution
20:26 Difference Between Business Case and Business Value
26:23 How to select one project from many possible
28:24 Explaining Project Manager role in Interview
30:46 Business Analyst and Project Manage Collaboration
33:16 Type of Estimation used at Business Case Level
34:46 Does IRR Calculation depend on Enterprise Factors
36:01 Can Sr. Business Analyst Be a Project Manager
37:52 How Project Manager Manage Errors made in Business Case
42:24 Resources Demo and Closing