Business Case
A business case is a document or presentation that outlines the justification for a particular project or investment. It typically includes details about the project's purpose, the benefits it will bring, the costs involved, and the risks associated with it. The aim is to help decision-makers evaluate whether to proceed with the initiative based on its potential return on investment and alignment with strategic goals. A well-prepared business case provides a clear rationale that supports informed decision-making and prioritizes resources effectively.
Additional Insights
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A business case is a structured document that outlines the justification for a proposed project or initiative. It explains the reasons behind the idea, the benefits it could bring, the costs involved, and the potential risks. Essentially, a business case helps decision-makers assess whether the project is worth pursuing. It provides evidence and analysis to support the proposal, ensuring that resources are allocated wisely. By presenting a clear rationale, it helps organizations make informed choices that align with their goals and priorities.