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Daniel Marshall

In the world of business, everything must be justified. Sometimes action is justified by safety, other times it’s a process improvement. Yet, in almost all cases, those who allocate funds are interested in the finances of a project: both the cost and the return on investment. This project will help you create a template for conveying all of the necessary basic information for your project.

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Syllabus

Project Overview
In the world of business, everything must be justified. Sometimes action is justified by safety, other times it’s a process improvement. Yet, in almost all cases, those who allocate funds are interested in the finances of a project: both the cost and the return on investment. This project will help you create a template for conveying all of the necessary basic information for your project.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Suitable for beginners looking to justify business projects with financial data
Provides a framework for presenting project information, making it relevant in various business contexts

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Create a Business Case Template in Microsoft Word with these activities:
Practice using spreadsheet software for financial analysis
Enhance your proficiency in using spreadsheets to perform financial calculations and analysis, a crucial skill for evaluating project viability.
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  • Review the basics of spreadsheet functions and formulas
  • Create practice spreadsheets to perform calculations related to ROI, NPV, and IRR
Review core concepts of return on investment (ROI) and cost-benefit analysis (CBA)
Refresh your understanding of key financial concepts that are essential for evaluating the viability of projects.
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  • Read an introductory article or book chapter on ROI and CBA
  • Review your notes or revisit course materials from a previous finance course covering ROI and CBA
  • Complete a practice exercise or case study to apply these concepts to a real-world business scenario
Explore online resources for project planning and management
Familiarize yourself with industry-standard tools and techniques for managing projects effectively.
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  • Follow online tutorials on project planning and scheduling tools like Microsoft Project or Asana
  • Watch videos or attend webinars on project management best practices
  • Read articles or blog posts from project management experts
Three other activities
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Develop a project charter or scope document for a potential business project
Apply the principles of project scoping and planning to a practical business scenario.
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  • Identify a project idea or opportunity within your area of expertise or interest
  • Define the project scope, objectives, and deliverables
  • Create a project charter or scope document outlining the project's purpose, constraints, and timeline
Volunteer on a project team or assist with project management tasks
Gain practical hands-on experience in project management by contributing to real-world projects within your community.
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  • Identify volunteer opportunities at local nonprofits or community organizations
  • Contact the organization and inquire about project management roles
  • Assist with tasks such as project planning, stakeholder management, or deliverables tracking
Attend project management workshops or certifications to enhance your skills
Invest in your professional development by attending workshops or pursuing certifications to expand your knowledge and credibility in project management.
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  • Research and identify reputable project management workshops or certification programs
  • Register for the workshop or certification program
  • Attend the workshop or complete the certification requirements

Career center

Learners who complete Create a Business Case Template in Microsoft Word will develop knowledge and skills that may be useful to these careers:
Financial Analyst
Financial analysts help businesses make informed decisions about investments and financial planning. This course can help you develop the skills you need to analyze financial data, create financial models, and make recommendations to senior management. By learning how to create a business case template, you can effectively communicate the financial implications of your projects and proposals.
Investment Banker
Investment bankers help companies raise capital and advise them on mergers and acquisitions. This course can help you develop the skills you need to understand financial markets, evaluate investment opportunities, and create financial models. By learning how to create a business case template, you can effectively communicate the financial benefits of your deals to potential investors and clients.
Management Consultant
Management consultants help businesses improve their performance and efficiency. This course can help you develop the skills you need to analyze business problems, develop solutions, and create presentations. By learning how to create a business case template, you can effectively communicate the benefits of your recommendations to senior management.
Business Analyst
Business analysts help businesses understand their customers, processes, and systems. This course can help you develop the skills you need to gather and analyze data, identify problems, and develop solutions. By learning how to create a business case template, you can effectively communicate the benefits of your analysis and recommendations to stakeholders.
Product Manager
Product managers are responsible for the development and launch of new products and services. This course can help you develop the skills you need to understand customer needs, develop product requirements, and create business cases. By learning how to create a business case template, you can effectively communicate the value of your products and services to stakeholders.
Project Manager
Project managers are responsible for planning, executing, and closing projects. This course can help you develop the skills you need to manage projects, track progress, and control costs. By learning how to create a business case template, you can effectively communicate the benefits of your projects to stakeholders.
Operations Manager
Operations managers are responsible for the day-to-day operations of a business. This course can help you develop the skills you need to manage teams, processes, and budgets. By learning how to create a business case template, you can effectively communicate the benefits of your operational improvements to stakeholders.
Marketing Manager
Marketing managers are responsible for developing and executing marketing campaigns. This course can help you develop the skills you need to understand customer behavior, develop marketing strategies, and create marketing budgets. By learning how to create a business case template, you can effectively communicate the benefits of your marketing campaigns to stakeholders.
Sales Manager
Sales managers are responsible for leading sales teams and achieving sales goals. This course can help you develop the skills you need to manage teams, develop sales strategies, and create sales budgets. By learning how to create a business case template, you can effectively communicate the benefits of your sales initiatives to stakeholders.
Human Resources Manager
Human resources managers are responsible for managing the people and talent of a business. This course can help you develop the skills you need to recruit, train, and develop employees. By learning how to create a business case template, you can effectively communicate the benefits of your human resources initiatives to stakeholders.
Customer Service Manager
Customer service managers are responsible for overseeing the customer service department of a company. This course may help you develop the skills you need to understand customer needs, develop customer service strategies, and create customer service budgets. By learning how to create a business case template, you can effectively communicate the benefits of your customer service initiatives to stakeholders.
Software Engineer
Software engineers are responsible for designing, developing, and maintaining software applications. This course may help you understand software engineering principles, develop software engineering strategies, and create software engineering budgets. By learning how to create a business case template, you can effectively communicate the benefits of your software engineering initiatives to stakeholders.
Data Analyst
Data analysts are responsible for collecting, cleaning, and analyzing data to help businesses make informed decisions. This course may help you develop the skills you need to understand data analysis techniques, develop data analysis strategies, and create data analysis budgets. By learning how to create a business case template, you can effectively communicate the benefits of your data analysis initiatives to stakeholders.
Information Technology Manager
Information technology managers are responsible for the planning, implementation, and maintenance of a company's information technology systems. This course may help you develop the skills you need to understand technology trends, develop IT strategies, and create IT budgets. By learning how to create a business case template, you can effectively communicate the benefits of your IT initiatives to stakeholders.
Supply Chain Manager
Supply chain managers are responsible for the planning, implementation, and control of a company's supply chain. This course may help you understand supply chain management principles, develop supply chain strategies, and create supply chain budgets. By learning how to create a business case template, you can effectively communicate the benefits of your supply chain initiatives to stakeholders.

Reading list

We've selected 14 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Create a Business Case Template in Microsoft Word.
Provides a step-by-step guide to creating value propositions that customers will love. It covers topics such as identifying customer needs, developing unique value propositions, and testing and validating your propositions.
Provides a practical guide to the Lean Startup methodology, which process for rapidly building and testing new business ideas. It covers topics such as customer development, agile development, and pivoting.
Provides a framework for understanding the challenges of marketing and selling technology products to mainstream customers. It covers topics such as the technology adoption lifecycle, the chasm between early adopters and mainstream customers, and how to cross the chasm.
Provides a theory of why large, successful companies often fail to innovate. It covers topics such as the innovator's dilemma, the disruptive innovation cycle, and how to avoid the innovator's dilemma.
Provides a framework for evaluating the quality of a business strategy. It covers topics such as the elements of a good strategy, the different types of bad strategy, and how to avoid bad strategy.
Provides a contrarian view of the startup world. It covers topics such as the importance of monopolies, the dangers of competition, and how to build a successful startup.
Provides a practical guide to escaping the 9-5 grind and living a more fulfilling life. It covers topics such as outsourcing, automation, and creating a passive income.
Provides a practical guide to developing the habits of successful people. It covers topics such as proactivity, goal setting, and interpersonal communication.
Provides a motivational guide to achieving success in business and life. It covers topics such as the power of positive thinking, the importance of goals, and the need for persistence.
Provides a financial education for children and adults. It covers topics such as the importance of financial literacy, the difference between assets and liabilities, and how to build wealth.
Provides a guide to value investing. It covers topics such as how to analyze stocks, how to build a portfolio, and how to manage risk.
Provides a comprehensive overview of security analysis. It covers topics such as how to analyze financial statements, how to value stocks and bonds, and how to make investment decisions.
Provides a guide to military strategy and tactics. It covers topics such as how to prepare for war, how to fight in battle, and how to win the war.

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