Business Case What Is

When written the document itself is sometimes referred to as a business case.

Business case what is. Think of it as painting a picture for a prospect to illustrate what a solution to their problem could look like. If the return on investment decreased to such an extent that it became negative then we d probably either cancel the project or dramatically change its objectives to keep a. It is often presented in a well structured written document but may also come in the form of a short verbal agreement or presentation the logic of the business case is that whenever resources such as money or effort are consumed they should be in support of a specific business need.

A business case is a written or verbal value proposition that is intended to educate a decision maker and convince them to take some kind of action. Five elements of a business case. The compelling case for change.

A well crafted business case explores all feasible approaches to a given problem and enables business owners to select the option that best serves the organization this guide explains the format and content of a business case document and the processes involved in its. A business case study is a story about one of your clients and how you solved a problem for them. A business case is a proposal for a project strategy or course of action.

It does not have to be a formal document however when a decision is being made by one or more other people capturing the information required is often provided in a standardised format. It allows your prospects to see how your solutions address their needs. Affordability to the organisation in the time frame.

How to write a business case. For instance the finance function may authorize funds and the it department provide resources. The following is content that is commonly included.

The business case could of course improve meaning the return increases from our initial estimate or the business case could deteriorate meaning the return decreases. The business case is a collection of the minimum information required to facilitate a decision to perform some activity that will somehow impact the product its customers or the business. A common way of thinking about a business case is using these five elements.