The activities that occur when initiating a project

The activities that occur when initiating a project

I’m working on a Business case study and need support to help me understand better.

Business Case

KBL is eager to move forward with acquisition of their competitor, will enable them to expand operations & triple their workforce. It will take 18 months to complete the project at a cost of $5 million.

1. Comprehensively explained the purpose of the project in a well-written business case

2. Comprehensively explain the pros and cons of the project (benefits) in a well written business case

3. Develop the budget/funding schedule (this is how you project to allocate $5 million buget) in well-written business case

4. Explain the major risks or opportunities of the project

My task is to create a business case in Microsoft Word with necessary steps to complete the acquisition, The business case is essential for providing justification & detail scope of work for the project, It needs creativity with the above items/questions as am running the projec
Answer preview

The goal of every organization is to boost its competitive edge and expand its revenues. For a company to achieve this, it needs to expand to invest in new projects. According to Baughn & Finzel (2009), the acquisition is one example of a business project that most companies implement. The acquisition project entails purchasing one or more companies to gain control over it. In most cases, a business acquires other companies by purchasing all their shares. In the acquisition process, the organization needs to implement effective project management to derive maximum benefits.  For KBL company reap acquisition project benefits, project management will help it complete the project within 18 months and at the budget of 5 million.

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