Learn how to justify your projects according to a rationale. Choose the appropriate valuation scheme for your project when presenting your case to stakeholders.
Just like when you write a thesis or have to hand in a business case study, a case defending your choices for your project management model is essential to demonstrate the value of your work to the company, clients and all other stakeholders involved. When backed by a suitable rationale, the project plan acquires weight and evidence, demonstrating that the plan has been well-considered and ensuring that all company requirements have been taken into regard.
Demonstrate: Increases in revenue, Improvements in productivity, Decreases in cycle time, and Decreases in risk.
6. Assume your project will be evaluated like a stock in a portfolio using Portfolio Management.
Show examples of how it will add to the flexibility of the company to adapt to new demands and dynamic environments, especially in the face of market changes. Describe a variety of changes.