Phase 3b - DefinitionAgent mode: synthesisv1.0.0
pm-business-case
Financial projections and investment rationale - synthesizes market size, business model, and KPIs
/pm-business-case▊When to use
Phase 3b, after Lean Canvas and KPIs are complete. Synthesizes all commercial inputs into financial projections and an investment rationale. Used for internal go/no-go on funding Phase 4+ work, and as input to a pitch deck if fundraising.
What it produces
Business Case (artifacts/phase-3b-definition/business-case.md):
- Market opportunity - TAM/SAM/SOM from Phase 2 market analysis
- Revenue model - pricing, ARPU, payment terms (from Lean Canvas / BMC)
- Unit economics - CAC, LTV, LTV:CAC ratio, payback period
- Financial projections - Year 1-3 scenarios (conservative / base / optimistic)
- Cost structure - team, infrastructure, marketing, operations
- Investment ask - what is needed, for what, for how long (runway)
- Break-even analysis - when and at what customer count
- Key assumptions and risks - what must be true for projections to hold
How to invoke
/pm-business-case # interactive
/pm-business-case --agent # autonomous synthesis from Lean Canvas + KPIs + market analysis
Key rules
- All projections must be grounded in actual market data or validated assumptions from Phase 2-3a. Mark any assumption
[ASSUMED]if not validated. - Three scenarios are mandatory - a business case with only optimistic projections is not a business case.
- Unit economics must be calculated at the segment level, not blended across all segments.
Dependencies
Required before running:
pm-lean-canvasorpm-business-model- Revenue Streams and Cost Structure are direct inputspm-kpis- AARRR metrics seed projection growth assumptions
Recommended:
pm-market-analysis- TAM/SAM/SOM and competitor pricing datapm-personas- segment-level revenue and CAC estimates
Produces for:
pm-prd- business case summary is a required PRD sectionpm-product-roadmap(v1) - investment staging informs roadmap phasespm-pitch-deck- business case is the financial backbone of the pitch
Related skills: pm-kpis, pm-lean-canvas, pm-market-analysis, pm-product-roadmap, pm-pitch-deck