All language subtitles for 4. Exercise Baseline Your Business Case

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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 1 00:00:01,210 --> 00:00:03,510 Let's figure out the initiation business case 2 2 00:00:03,510 --> 00:00:04,903 for your project. 3 3 00:00:06,400 --> 00:00:08,250 Either compare your project to another 4 4 00:00:08,250 --> 00:00:11,160 with known information or do your best to itemize 5 5 00:00:11,160 --> 00:00:14,563 the costs and benefits and estimate the monetary amounts. 6 6 00:00:16,000 --> 00:00:17,193 What are the benefits? 7 7 00:00:18,400 --> 00:00:19,623 What are the costs? 8 8 00:00:20,700 --> 00:00:22,410 What is the benefit cost ratio, 9 9 00:00:22,410 --> 00:00:24,453 the benefits divided by costs? 10 10 00:00:26,730 --> 00:00:29,610 Now, you have the justification required to proceed 11 11 00:00:29,610 --> 00:00:33,140 to planning and know how much effort to expend 12 12 00:00:33,140 --> 00:00:36,650 during planning with a budget of 5% 13 13 00:00:36,650 --> 00:00:39,493 of the initiation business case estimate. 1090

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