ABSTRACT
When we examine the business process development cycle (BPDC) (also known as the system development life cycle [SDLC]), we see that there are phases in which certain activities are scheduled to be performed. In the BPDC that I am familiar with, the first phase is the analysis process. This is the time when the case for a new project is created. The risk analysis, or project impact analysis (PIA), is used to document and demonstrate the business reasons why a new project should be approved. When the PIA is complete, the formal documentation is presented to the executive
management committee for review, assessment, and possible approval. If approved by the committee, the proposal is then registered and becomes a “project.”
