Which of the following should NOT be included in the business case?
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A. B. C. D.D.
The business case is a document that justifies the start of a new project or an investment in a new initiative. It outlines the benefits, costs, risks, and options of the proposed project and provides decision-makers with the information they need to approve or reject the proposal.
Among the options given, the answer is D. Business approach, which should NOT be included in the business case. The reason for this is that the business approach is not relevant to the decision of whether or not to approve the project. The business approach describes the strategies and tactics that the project team will use to achieve the project's objectives, but it does not provide information that is critical to the decision-makers.
In contrast, the other three options, reasons, major risks, and business options, are all essential components of the business case.
A. Reasons: The reasons explain why the project is necessary and what benefits it will provide. This section should describe the business need or opportunity that the project is addressing.
B. Major Risks: The major risks section should describe the potential risks associated with the project and the strategies that the project team will use to mitigate or avoid these risks. This information is critical for decision-makers to evaluate the feasibility and viability of the project.
C. Business options: The business options section should describe the different options that are available to the organization to address the business need or opportunity. This section should evaluate each option's pros and cons, costs, benefits, and risks. This information will help the decision-makers choose the best option for the organization.
In summary, while all four options may be included in a business case, the business approach is not critical to the decision-making process and can be excluded. The reasons, major risks, and business options are all essential components that should be included in the business case to provide decision-makers with the information they need to evaluate the project's feasibility and viability.