Business Case Analysis

Question 1

what is a business case?

Answer 1

an argument typically documented that is intended to convince a decision maker to approve some kind of action

Question 2

7 elements of a business case analysis

Answer 2

executive summary

problem statement

analysis

solution options

project description

cost-benefit analysis

recommendations

Question 3

what is the executive summary?

Answer 3

high level view of the business case document

Question 4

what is the problem statement?

Answer 4

statement of the problem that the project will solve

Question 5

what is the analysis?

Answer 5

the situation behind the problem and how the problem came to be

Question 6

what is the solutions option section?

Answer 6

identifies potential solutions to the problem and describes them

Question 7

what is the project description?

Answer 7

describes the project including all the resources needed for its implementation, the budge and a timeline

Question 8

what is cost-benefit analysis?

Answer 8

evaluates the cost and benefits for all options including the proposed solution and likely alternatives

Question 9

what is the recommendations section?

Answer 9

you make recommendations for the project and how it is to be conducted