Every project begins with an idea that has the potential to drive innovation, optimize processes or achieve strategic goals. But without a clear strategy, a sound profitability assessment and formal approval, this idea remains just a concept. Companies must therefore ensure that their projects are both financially and strategically viable.

A structured approach helps to minimize risks and make the most of opportunities. The business case and the project charter play a decisive role here: while the business case provides the economic and strategic justification, the project charter defines the framework conditions for implementation.

Effective communication is crucial to the success of a project. It creates a common understanding, reduces risks such as misunderstandings or conflicts and ensures smooth processes. But in practice, communication...