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Business Case

What is a Business Case?

A business case is a document that outlines the justification for undertaking a project. It is used to demonstrate the potential benefits of the project and to gain approval from stakeholders. The business case should include an analysis of the costs, risks, and benefits associated with the project. It should also provide an overview of the project's objectives and how they will be achieved.

Why is a Business Case Important?

The business case is an important tool for gaining stakeholder approval and support for a project. It provides an objective assessment of the potential benefits and risks associated with the project. By providing this information, it helps stakeholders make informed decisions about whether or not to proceed with the project. Additionally, it can help ensure that resources are allocated appropriately and that projects are completed on time and within budget.

How to Create a Business Case?

Creating a business case involves gathering data, analyzing it, and presenting it in a clear and concise manner. The first step is to identify the objectives of the project and determine how they will be achieved. Next, you need to analyze the costs, risks, and benefits associated with the project. Finally, you need to present your findings in a way that is easy to understand and persuasive enough to convince stakeholders to approve the project.