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BOSCARD (Terms of Reference Tool)

BOSCARD (Terms of Reference) When looking to gain support and approval for your next project, it might be worth thinking BOSCARD. The BOSCARD is a strategic planning tool used to provide the terms-of-reference for new projects. It is thought to have originated with consulting company Cap Gemini in the 1980s. The acronym stands for background, objectives, scope, constraints, assumptions, risks and deliverables. These headings are commonly found in terms-of-reference and project initiation documents. Background Provide background information that includes the reasons for creating the project and mentions the key stakeholders who will benefit from the project result. Objectives Describe the project goals and link each of them with related, SMART  project objectives. Scope Provide a high-level description of the features and functions that characterise the product, service, or result the project is meant to deliver. Constraints Identify the specific constraints or restricti...
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What is the difference between projects and operations?

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In any organization, only two aspects of work exist—on-going operations and projects. Projects are defined as unique, temporary endeavors with a specific beginning and end. Operations constitute an organization's on-going, repetitive activities, such as accounting or production. Since all work and/or efforts performed within an organization are characterized as either operations or projects, all of the costs of an organization must be distributed to either operations or projects. Projects are initiated by organizations for a variety of reasons, such as to meet a business need, attain a strategic objective or meet a market demand. The only way organizations can accomplish any of these goals is by expending resources of the organization over time, for a cost
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How to Complete a Feasibility Study

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April 19, 2017 Would you personally risk a million dollars on the chance that something might succeed without at first researching its likelihood of success?  Of course not. Yet in a business context, it’s all too common to launch new projects and initiatives with little research into their feasibility. Common sense dictates that your project must be feasible or else you’re not going to successfully complete it. Right? That’s our starting point, always, as project leaders. But knowing the viability of a project upfront is easier said than done.  A  Feasibility Study  will help you identify critical goals and aspects of the project you might overlook if you plunge into the project without assessing its viability and potential impacts to the bottom line, in addition to helping you identify a range of different alternatives solutions to potential problems in advance. Therefore, it’s can also be a crucial tool to help a team decide on which solution i...
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