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PM 902 Business Case (Small) Template Guide This guide is intended to be read in conjunction with the following template for the development of a Business Case for a small project.. Purpose of the Business Case Why is the Business Case being produced Generally it is to: define the business need or problem in detail, analyse options (where resources have already been allocated this may involve determining what can be delivered with those resources), identify costs, benefits and risks, and to put forward a proposal to senior management for approval to proceed with the project, or to the funding source for approval for funding for the project.. Positive Impact Negative Impact Major Stakeholder High (3) Medium (2) Low (1) Nil (0) Low (-1) Medium (-2) High (-3) Rating Customer Impacted By Project 2 1 Impact On Project -1 Business Owner Impacted By Project 3 4 Impact On Project 1 Impacted By Project Impact On Project Impacted By Project Impact On Project Total 5 Summary of Options For each stakeholder group transfer the total ratings onto this sheet to give a direct comparison between the options.. Risk Rating Major Risks Initial Grading Strategy Cost Resultant Grading Rating New system instability causes increased resource requirements C N/A - C 3 Not able to meet the major user requirements A Use a detailed acceptance testing plan and verify each phase 5000 C 3 There are no nett improvements for the users C N/A - C 3 Customers are inconvienced by the system and thus there is bad publicity B Use a newsletter to keep the customers informed 2000 D 2 Total 7000 11.