- Value or benefit associated with achieving desired out-
come.This is ordinarily broken down into two major cate-
gories: financial benefits and non-financial benefits. Non-
financial benefits are sometimes called the intangibles. - Strategic fit.This part is intended to address the ques-
tion, “Is the pursuit or is the execution of this project
going to be compatible with our current set of company
or organizational strategies?” This is particularly relevant
for opportunities. - Interface integration and compatibility issues.This
describes how this project opportunity or the satisfaction
of these objectives may relate to other aspects of the
organization. - Uncertainties and unknowns.Also known as action risk,
this part represents the early stages of risk management.
Any unknowns, uncertainties, or threats would be identi-
fied here. - Key assumptions.Assumptions ordinarily take the place
of missing information. They represent anticipated values
or conditions that we may or may not know to be true. - Constraints.Constraints are limitations within which the
solution must be executed. Constraints may come in
many forms, including time, funding, resources, technolo-
gy, or procedural constraints. - Environmental considerations.This part is for potential
impacts or effects that this project may have beyond the
boundaries of the project itself. Some categories of envi-
ronmental considerations include business, marketing,
operational, and technical. - Background or supporting information.This is essentially
a repository for all of the information or research that has
led us up to this point. It may include historical data,
results of supporting studies, tests or survey data, market-
ing situational analysis, benchmarking data, or prototype
test results, to name a few examples.
56 Project Management