Browse Definitions :
Definition

business case

Contributor(s): John Glover

A business case is a written or verbal value proposition that is intended to educate a decision maker and convince them to take some kind of action. When written, the document itself is sometimes referred to as a business case.

At its simplest, a business case could be a spoken suggestion. Short-term actions leading to immediate, measurable and substantial benefits are generally the easiest to argue. For example, if a restaurant’s manager notices that the business doesn’t make enough money on Sunday evenings to cover operational costs, presenting that fact to the owner may be compelling enough to make the business case for closing the restaurant at 5 p.m. on Sundays.

For more complex issues, a business case should be presented in a carefully constructed document that provides the reader with information about the risks and rewards involved in taking action and, conversely, not taking action. A well-crafted business case explores all feasible approaches to a given problem so that responsible parties can select which option serves the organization best.

Standard components of a business case include:

 

Executive summary
This high-level view explains, in a condensed form and plain language, the problem that the proposed project is intended to solve, possible solutions, the desired outcome, resources required to achieve the desired outcome and the anticipated return on investment (ROI).

The problem statement
This section clearly identifies what issue needs to be addressed.

Analysis of the situation
This section provides more context, explaining how the problem came about and what the repercussions would be if no action was taken. The conclusion of the analysis should lead naturally to the next section.

Options
In this section, the writer identifies potential solutions to the problem and provides sufficient detail for the reader to understand them.

Cost-benefit analysis
This section evaluates the costs and benefits for each potential option, including the proposed solution to the problem and any likely alternatives -- which include, of course, taking no action at all.

Recommendation
In this section, the writer makes a recommendation for how to address the issue described in the problem statement.

Project proposal

This section provide the reader with details about how the recommended solution will be carried out.  It includes information about the project's scope as well as possible constraints and estimates for required resources, including personnel, time and budget.

This was last updated in November 2017

Continue Reading About business case

Join the conversation

1 comment

Send me notifications when other members comment.

Please create a username to comment.

GREAT ANSWER
Cancel

-ADS BY GOOGLE

File Extensions and File Formats

SearchCompliance

  • compliance audit

    A compliance audit is a comprehensive review of an organization's adherence to regulatory guidelines.

  • regulatory compliance

    Regulatory compliance is an organization's adherence to laws, regulations, guidelines and specifications relevant to its business...

  • Whistleblower Protection Act

    The Whistleblower Protection Act of 1989 is a law that protects federal government employees in the United States from ...

SearchSecurity

  • orphan account

    An orphan account, also referred to as an orphaned account, is a user account that can provide access to corporate systems, ...

  • voice squatting (skill squatting)

    Voice squatting is an attack vector for voice user interfaces (VUIs) that exploits homonyms (words that sound the same but are ...

  • WPA3

    WPA3, also known as Wi-Fi Protected Access 3, is the third version of the security certification program developed by the Wi-Fi ...

SearchHealthIT

SearchDisasterRecovery

  • business continuity policy

    Business continuity policy is the set of standards and guidelines an organization enforces to ensure resilience and proper risk ...

  • business continuity and disaster recovery (BCDR)

    Business continuity and disaster recovery (BCDR) are closely related practices that describe an organization's preparation for ...

  • warm site

    A warm site is a type of facility an organization uses to recover its technology infrastructure when its primary data center goes...

SearchStorage

  • cache memory

    Cache memory, also called CPU memory, is high-speed static random access memory (SRAM) that a computer microprocessor can access ...

  • enterprise storage

    Enterprise storage is a centralized repository for business information that provides common data management, protection and data...

  • disk array

    A disk array, also called a storage array, is a data storage system used for block-based storage, file-based storage or object ...

Close