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What criteria can be applied in the production of a business case?
Suggested Answer: D
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A business case is developed during the early stages of a project and outlines the why, what, how, and who necessary to decide if it is worthwhile continuing a project. One of the first things you need to know when starting a new project are the benefits of the proposed business change and how to communicate those benefits to the business.
Preparing the business case involves an assessment of:
- Business problem or opportunity
- Benefits
- Risk
- Costs including investment appraisal
- Technical solutions
- Timescale
- Impact on operations
- Organizational capability to deliver the project outcomes
These project issues are an important part of the business case. They express the problems with the current situation and demonstrate the benefits of the new business vision. Making business case with multiple options and choices also prompts the procurement and senior management to consider alternatives. As a result, the organisation may opt out the best option.
The business case brings together the benefits, disadvantages, costs, and risks of the current situa-tion and future vision so that executive management can decide if the project should go ahead.
- CIPS study guide page 19-21
- How to Write a Business Case - Template & Examples | Adobe Workfront
LO 1, AC 1.1
42 comments · newest first
TY
Tyra
11 months ago
B seems a bit off, honestly.
DO
Dominga
12 months ago
Wait, are we sure about those criteria?
SH
Shawnee
12 months ago
I think A has some merit too.
CA
Carissa
1 year ago
Totally agree with D!
HO
Hobert
1 year ago
Costs, benefits, and options are key!
MA
Major
1 year ago
I vaguely recall something about evaluating options, but I can't remember if that was specifically for business cases or something else.
AS
Asuncion
1 year ago
I’m a bit confused; I thought plans and delivery were more about project management than business cases.
DA
Davida
1 year ago
I think we practiced a question similar to this, and I feel like costs and benefits were definitely key criteria.
AN
Anika
1 year ago
I remember discussing costs and benefits in class, but I'm not sure if options were part of that.
JE
Jennie
1 year ago
Okay, I've got this. The key is looking for the term that specifically indicates "special handling" for the luggage. I'm confident I can nail this one.
QU
Quiana
1 year ago
Okay, let's see. The question is asking for the personalization string to use in the href attribute, so it's probably one of those %%variables%%. I'm leaning towards B, %%view_email_url%%, since that seems the most relevant.
SI
Simona
1 year ago
Okay, I've got this. MS Internet Information Server and Apache Tomcat are the two web servers supported for the WFM database, based on my knowledge. I'm confident in those choices.
LE
Leatha
1 year ago
I think we might need information about known threat actor behavior for attribution, but I'm not completely sure.
BA
Barney
1 year ago
D) is the clear winner here. Costs, benefits, and options - that's the trifecta of a winning business case. Anything less would be like trying to bake a cake without eggs, flour, and sugar. You just can't do it!
JE
Jeff
1 year ago
Felicia: It's like building a house without a solid foundation. You need those components for a successful business case.
FE
Felicia
1 year ago
User 2: Absolutely, without those key elements, a business case would be incomplete.
EL
Elsa
1 year ago
User 1: I agree, D is definitely the way to go. Costs, benefits, and options cover all the bases.
RE
Rebecka
2 years ago
D) is the way to go. You can't have a solid business case without considering the financial aspects. Although, I do enjoy a good price evaluation now and then. Keeps things exciting, you know?
KI
Kimbery
2 years ago
Definitely D). A good business case has to justify the investment with a thorough analysis of the costs and potential returns.
AN
Andrew
1 year ago
Agreed, it's important to weigh the costs against the potential returns before making a decision.
RH
Rhea
1 year ago
Exactly, a business case needs to consider both the costs and the potential benefits.
CO
Cora
1 year ago
D) Costs, benefits, and options
AN
Annabelle
2 years ago
I'm torn between B) and D), but I think D) is the best choice. A business case needs to address the costs and benefits to make a compelling argument.
ME
Melissa
1 year ago
William: I think focusing on costs and benefits would provide a clearer picture of the potential outcomes.
NI
Nina
1 year ago
User 3: B) Suggestions, feedback, and forecast are important too, but D) seems more essential for a strong business case.
WI
William
1 year ago
User 2: Definitely, without considering the costs and benefits, the business case may not be convincing.
KA
Katina
1 year ago
User 1: I agree, D) Costs, benefits, and options are crucial in a business case.
OL
Olene
1 year ago
User 4: Yes, D) is the most relevant choice for the production of a business case.
MI
Ming
2 years ago
User 3: D) Costs, benefits, and options are definitely important criteria to consider.
AL
Alecia
2 years ago
User 2: I agree, costs and benefits are essential in a business case.
RE
Rebecka
2 years ago
User 1: I think D) is the best choice. A business case needs to address the costs and benefits to make a compelling argument.
DE
Delmy
2 years ago
I believe plans, delivery, and design should also be part of the criteria. It's not just about the numbers, but also about the execution.
WI
Willis
2 years ago
I agree with Tandra. It's important to consider the financial aspects when making a business case.
DA
Daniel
2 years ago
D) Costs, benefits, and options seems like the correct answer to me. A business case should clearly outline the financial implications and potential payoffs.
FR
Frederic
1 year ago
B) Suggestions, feedback, and forecast can provide valuable insights for a business case.
YU
Yun
1 year ago
D) Costs, benefits, and options are essential for making informed decisions in a business case.
LE
Leandro
1 year ago
C) Plans, delivery, and design play a crucial role in the production of a business case as well.
GA
Gary
2 years ago
A) Questions, price, and evaluation are also important factors to consider in a business case.
TA
Tandra
2 years ago
I think the criteria for a business case should include costs, benefits, and options.
GI
Gianna
2 years ago
I believe plans, delivery, and design are also crucial aspects to consider in a business case.
CH
Chau
2 years ago
I agree with Ethan. It's important to consider all the costs and benefits before making a decision.
ET
Ethan
2 years ago
I think the criteria for a business case should include costs, benefits, and options.