What document defines the business needs, identifies key stakeholders, and describes the positive impact the solution will provide on the key stakeholders?
The Project Charter is a formal document that defines the business needs, identifies key stakeholders, and outlines the purpose and expected benefits of the project. It serves as the foundation for project planning by authorizing the project and providing high-level information, including:
• Business needs or problems the project intends to solve
• Key stakeholders and their roles
• Project objectives and expected benefits
• High-level project description and deliverables
This document ensures that everyone involved understands the project’s purpose and intended outcomes.
Vision Statement is correct as Vision Statement specifically focuses on articulating the business needs, identifying key stakeholders, and describing the positive impact or benefits that the solution will provide. It serves as a guiding document that aligns the project team and stakeholders toward a common understanding of the project's purpose and desired outcomes. Project Charter is not correct as it is a document issued by the project initiator or sponsor that formally authorizes the existence of a project and provides the project manager with the authority to apply organizational resources to project activities. (PMBOK v7). It is an approval document and not usually contain detailed information on project and its benefits. On the other hand, project vision statement, is a document that is a concise, high-level description of the project that states the purpose, and inspires the project team to contribute to the project. (PMBOK)
A problem or vision statement states the business need, identifies key stakeholders, and
briefly describes the positive impact that meeting the business need will have on those
stakeholders. (Babok V2 page 94).
In Babok V3, it is Change strategy.
The change strategy clearly describes the nature of the change in terms of:
• context of the change,
• identified alternative change strategies,
• justification for why a particular change strategy is the best approach,
• investment and resources required to work toward the future state,
• how the enterprise will realize value after the solution is delivered,
• key stakeholders in the change, and
• transition states along the way.
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