Most projects stems from an idea, an initiative to enhance the current situation or a solution to solve a problem. Despite its origin, a selection process needs to be in place to ensure that potential projects are aligned with the organization vision, mission statement and strategic plan.
Potential projects must also bring some value to the organization whether it is a return on investment (ROI), increase in the quality of the working environment or the security of employees. Usually a project selection committee decides the faith of potential projects based on some of these criteria.
To assist the project selection committee in making the best decisions, a best practice would be for the organization to adapt a Business Case template that would be uniform enterprise wide.
This template would be completed by the business owner or potential project sponsor and the required data would be entered in a consistent way.