![]() Once the business case receives management approval, it’s maintained as a working document that will be used during and after the project management process.Ī well-crafted business case identifies multiple options to address the needs or opportunities of an organization and provides critical data to enable informed decisions by executives.īusiness cases can be a comprehensive analysis or a simple, informal presentation. It details the allocation of capital and resources to execute the project plan, as well as the benefits of initiating the project or task. Start free trial What is a business case?Ī business case is an instrument used to justify a proposed project that requires some type of capital expenditure. Share, review, and approve all your content in one place with Filestage. They need to convince the decision-makers that their project is one worth the investment of time, money, and resources. ![]() To this end, it’s the job of the project proposer to put forward their case in the best possible light. This way, they ensure that the limited funds they have are only awarded to the most lucrative projects. ![]() Four important tips to create a convincing business caseĮvery organization has finite resources at its disposal, particularly when it comes to finances.Įven the most financially lucrative businesses can’t afford to simply bankroll every proposed project that comes their way – that’s where business cases come in.īusiness cases help managers decide if company resources should be spent on a project or not.The four key elements a business case should contain.
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