The project is at the end of stage 1. The project manager is preparing the full business case using the PRINCE2 supporting techniques. The investment appraisal includes an assessment of the value of the underground parking space and potential income. This is based on the net present value of the anticipated income from the car park compared with the estimated cost of construction and offset by any associated risks. As the operating costs for the car park are not yet known, the decision has been taken not to include them.
Is this decision an appropriate application of the ‘business case’ practice, and why?
mikebirnz
1 month, 2 weeks ago