Difference between revisions of "Business Case"
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(A business case captures the business justification for initiating a task or project. Clearly whenever an organisation plans to commit finance or resources to a task or project, it should be in support of a demonstrable business need) |
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| − | + | A business case captures the business justification for initiating a task or project. Clearly whenever an organisation plans to commit finance or resources to a task or project, it should be in support of a demonstrable business need. Organisations should make use of a business case to: | |
| + | *Demonstrate the business need for a given action; | ||
| + | *Confirm that a project is feasible before expending significant funding; | ||
| + | *Consider the strategic internal and external drivers for the project; and | ||
| + | *Assess, compare and contrast the costs and benefits (both monetary and non-monetary) of choosing one course of action over another.<ref>Business Case Definition [http://http://www.ansecia.com/Business-Case-Definition-6377.html/ ANSEC IA]</ref> | ||
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| + | |||
| + | ===References=== | ||
| + | <references/> | ||
Revision as of 21:16, 5 December 2018
A business case captures the business justification for initiating a task or project. Clearly whenever an organisation plans to commit finance or resources to a task or project, it should be in support of a demonstrable business need. Organisations should make use of a business case to:
- Demonstrate the business need for a given action;
- Confirm that a project is feasible before expending significant funding;
- Consider the strategic internal and external drivers for the project; and
- Assess, compare and contrast the costs and benefits (both monetary and non-monetary) of choosing one course of action over another.[1]