Business Case Development Template and Guidelines
Before we get into the details of business case development , it is important to understand what is a business case, why do we prepare business cases, and how much time should we be spending on developing a business case. What is a Business Case? A business case serves as the center piece in integrating IT governance, portfolio management processes, and financial management processes. Business cases are an important document in helping leadership and management understand the business value of an investment or business opportunity. A business case is part sales and part marketing. But it is the “business” units’ opportunity to present an overwhelming and compelling justification for funding an investment to achieve organization or business unit mission, goals, and objectives. An effective business case is a multi-purpose document that generates the support, participation and leadership commitment required to transform an idea into reality. A business case identifies an idea, problem, o...