What does the process of measuring success in a business case typically involve?

The process of measuring success in a business case primarily involves comparing forecasted and actual benefits. This comparison allows organizations to assess whether the initiatives outlined in the business case are delivering the expected outcomes and value. By evaluating the difference between what was predicted (forecasted benefits) and what was actually achieved (actual benefits), stakeholders can determine the effectiveness of the business case and make informed decisions moving forward.

This measurement process is crucial because it provides insight into the return on investment and whether the resources allocated to the project were justified. It also informs future business cases, helping to refine predictions and improve the overall planning process.

In contrast, creating risk management plans, establishing new stakeholder requirements, and documenting team performance, while important activities in project management and organizational processes, do not specifically focus on the measurement of success concerning the benefits realized from a business case. These activities support the overall management and execution of a project but do not directly measure its success in terms of benefit realization.