IST 7020 Research paper
on Business Cases
The purpose of a business case is to outline the business rationale for undertaking the project and to define the parameters and management factors involved in the project itself. It provides the project manager with a tool to guide the design, management and evaluation of the project. A business case is a form of advice substantiating an argument for a proposal. It is an essential and useful tool for substantiating the viability of initiatives and the justification of resource Investment. It sets out: the problem or situation addressed by the proposal; the features and scope of the proposed initiative; the options considered and the rationale for choosing the solution proposed; the proposal’s conformity with existing policies and etc; the implementation plan; the expected costs; the anticipated outcomes and benefits; and finally, the expected risks associated with the proposal’s implementation. Business cases are important because when an organization faces a major decision about a change or a proposed project, it is necessary to gather all the relevant information into a coherent business case to enable that decision to be made. For organizations, decisions involving investment in IT are important because they are likely to affect current and future activities. A business case describes the need for change and projects that will enable the change. Realizing a proposed project requires resources to be invested, including management, staff time and money. There are many competing projects within an organization but the resources are limited and some projects may not be worth the effort. Documenting the need for change and how the change will be achieved in a business case provides senior managers and trustees with information to evaluate the project and understand the impact the project will have on the organization. A strong case means that the proposal will...
Please join StudyMode to read the full document