Free to read or download
Planning a new project? Don’t leave it to chance to create value from your investment
The decision to embark on a project is normally based on the rational premise that it will generate some kind of benefit that justifies the cost, disruption and risk involved. Typically, approval is considered on the basis of a business case that sets out a schedule of expected costs and the flow of benefits that will materialize for a given appetite for risk.
However, while the process for estimating costs is generally well understood and easily scrutinized, articulation and measurement of benefits can be more elusive. The justification for proposing a project is often based on an inadequate understanding of potential benefits, what they are, how to measure them and how, in practical terms, they will
To read or download the full article click here
Back to Articles