CIPS L4M2 Exam - Topic 1 Question 18 Discussion

Actual exam question for CIPS's L4M2 exam

Question #: 18
Topic #: 1

[All L4M2 Questions]

What criteria can be applied in the production of a business case?

AQuestions, price, and evaluation

BSuggestions, feedback, and forecast

CPlans, delivery, and design

DCosts, benefits, and options

Show Suggested Answer

Suggested Answer: D

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

by Belen at Jul 06, 2023, 07:42 PM

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Tyra

3 months ago

B seems a bit off, honestly.

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Dominga

3 months ago

Wait, are we sure about those criteria?

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Shawnee

4 months ago

I think A has some merit too.

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Carissa

4 months ago

Totally agree with D!

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Hobert

4 months ago

Costs, benefits, and options are key!

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Major

4 months ago

I vaguely recall something about evaluating options, but I can't remember if that was specifically for business cases or something else.

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Asuncion

4 months ago

I’m a bit confused; I thought plans and delivery were more about project management than business cases.

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Davida

5 months ago

I think we practiced a question similar to this, and I feel like costs and benefits were definitely key criteria.

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Anika

5 months ago

I remember discussing costs and benefits in class, but I'm not sure if options were part of that.

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Jennie

5 months 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.

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Quiana

5 months 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.

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Simona

5 months 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.

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Leatha

5 months ago

I think we might need information about known threat actor behavior for attribution, but I'm not completely sure.

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Barney

10 months 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!

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Jeff

9 months ago

Felicia: It's like building a house without a solid foundation. You need those components for a successful business case.

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Felicia

9 months ago

User 2: Absolutely, without those key elements, a business case would be incomplete.

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Elsa

9 months ago

User 1: I agree, D is definitely the way to go. Costs, benefits, and options cover all the bases.

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Rebecka

10 months 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?

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Kimbery

10 months ago

Definitely D). A good business case has to justify the investment with a thorough analysis of the costs and potential returns.

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Andrew

8 months ago

Agreed, it's important to weigh the costs against the potential returns before making a decision.

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Rhea

9 months ago

Exactly, a business case needs to consider both the costs and the potential benefits.

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Cora

9 months ago

D) Costs, benefits, and options

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Annabelle

10 months 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.

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Melissa

8 months ago

William: I think focusing on costs and benefits would provide a clearer picture of the potential outcomes.

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Nina

8 months ago

User 3: B) Suggestions, feedback, and forecast are important too, but D) seems more essential for a strong business case.

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William

8 months ago

User 2: Definitely, without considering the costs and benefits, the business case may not be convincing.

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Katina

8 months ago

User 1: I agree, D) Costs, benefits, and options are crucial in a business case.

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Olene

8 months ago

User 4: Yes, D) is the most relevant choice for the production of a business case.

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Ming

10 months ago

User 3: D) Costs, benefits, and options are definitely important criteria to consider.

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Alecia

10 months ago

User 2: I agree, costs and benefits are essential in a business case.

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Rebecka

10 months 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.

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Delmy

10 months 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.

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Willis

10 months ago

I agree with Tandra. It's important to consider the financial aspects when making a business case.

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Daniel

11 months 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.

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Frederic

9 months ago

B) Suggestions, feedback, and forecast can provide valuable insights for a business case.

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Yun

9 months ago

D) Costs, benefits, and options are essential for making informed decisions in a business case.

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Leandro

9 months ago

C) Plans, delivery, and design play a crucial role in the production of a business case as well.

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Gary

10 months ago

A) Questions, price, and evaluation are also important factors to consider in a business case.

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Tandra

11 months ago

I think the criteria for a business case should include costs, benefits, and options.

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Gianna

11 months ago

I believe plans, delivery, and design are also crucial aspects to consider in a business case.

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Chau

11 months ago

I agree with Ethan. It's important to consider all the costs and benefits before making a decision.

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Ethan

11 months ago

I think the criteria for a business case should include costs, benefits, and options.

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