Review 2 takes place after the early planning has started, and the Business Case has been further developed. At this stage, the project team should be largely in place, the finances sorted and crucially, the Project Initiation Document assembled. The aim of Review 2 is to:
A Sponsor will probably want to ask:
Is the Outline or second draft Business Case made? In other words, does the project appear to:
Meet a business need and contribute to a Service or Portfolio plan? How?
Be affordable and achievable?
Can we confirm funding availability for the whole project?
Do we have the right approach to project development?
Are we engaging stakeholders?
Is the project plan realistic?
Do we have the right expertise?
After Planning and Initiation, the project enters the Delivery Preparation phase. At Review 2, the Sponsor, Board and manager should be scrutinising the plans for this next phase to ensure that the all the elements needed to actually deliver the project are in place, including:
When the Project Board has granted approval, you can progress to the next stage of project delivery, Project Delivery Preparation.