What Should be Included in a Business Case?

D.

A business case is a document that outlines the justification for a proposed initiative or project. It provides a clear and concise description of the initiative, its objectives, and the benefits it will bring to the organization. The information that should be included in a business case typically includes:

A. An improvement target for identifiable gaps and solutions: The business case should clearly identify the problems or gaps that the initiative is designed to address. It should also outline the proposed solutions and how they will address these gaps. The improvement target should be measurable and should indicate how the initiative will improve the organization's performance or achieve its strategic goals.

B. The proposed solutions and definitions of the initiative: The business case should provide a detailed description of the proposed solutions and how they will be implemented. This may include information on the technology, processes, and resources required to deliver the initiative. The definitions of the initiative should be clear and concise, and should provide a comprehensive understanding of what the initiative aims to achieve.

C. A review of the success factors of the initiative: The business case should identify the key success factors for the initiative. This may include factors such as stakeholder engagement, resource availability, and risk management. The review of success factors should provide a comprehensive understanding of the key elements that will determine whether the initiative is successful or not.

D. How the investment and value creation will be monitored throughout the economic life cycle: The business case should outline how the investment in the initiative will be monitored and measured throughout its economic life cycle. This may include information on how the benefits of the initiative will be quantified and tracked, as well as how the costs and risks associated with the initiative will be managed. The monitoring and measurement of the investment and value creation should be comprehensive and should provide a clear understanding of the return on investment and the overall value of the initiative to the organization.

In summary, a business case should provide a clear and concise description of the proposed initiative, including its objectives, proposed solutions, success factors, and how the investment and value creation will be monitored throughout its economic life cycle.