Project Rationale is a detailed description of fundamental reasons or principles behind the need for starting a project. It explicitly explains why launch the project, what prerequisites for the project are, and what outcome is supposed to be obtained when the project reaches successful completion. Often project rationally is regarded as a formal document describing major incentives, causes and motives for project initiation.
As a document, project rationale has a certain structure that determines how the document content will be designed and organized. Here’re key elements of a typical project rationale document:
- Background. The first element of the document content briefly explores existing challenges to be handled by the future project.
- Purpose. The second element makes a description of why there’s a need to address those challenges and what core objectives are needed for completion.
- Focus. The third element clarifies key actions the project will focus on to accomplish the purpose and objectives.
- Expectations. The final, forth element explains what results are rationally expected to be produced through focusing on taking the actions and leading the project to success.