BUSINESS CASE RESEARCH PAPER1Business Case Research Paper.NAMEWilmington University.Analysis, Modelling and Design.
BUSINESS CASE RESEARCH PAPER2This paper describes about business case, business plan and the differences between the business case and business plan. Business Case: A Business Case is defined as, a decision making tool used to decide the impactsa specific choice will have on benefit of the project. A business case is used to demonstrate how the choice will adjust money streams over a timeframe, and how expenses and income will change. According to Rosenblatt’s, Systems Design and Analysis (2014); the term business case refers to the reasons, or justification, for a proposal. A business case should be comprehensive, yet easy to understand. It should describe the project clearly, provide the justification to proceed, and estimate the project's financial impact. (Rosenblatt, 2014, p.54). A business case is the business justification for starting a task or undertaking a Project. A strong business case includes all of the following elements:• Brief, compelling problem statement• Mission statement that addresses the problem• Brief description of the objectives to be achieved• Brief description about the approach to achieve objectives.• Statement that addresses the concerns of all the stakeholders• Briefly describing the risks involved in the project and steps to address the risks.• Roles and Responsibilities of key stakeholders.• Budget estimation.
BUSINESS CASE RESEARCH PAPER3Business Plan: A business plancan be defined as,a formal document that describes about thebusinessobjectives, missions and visions. It also focuses on strategiesplanned for implementing in order to achieve the business mission, vision and objectives. This document willalso provide the information about the type of organization that the business is and the people involved in the implementation of the strategies that are described. It is a written document describing the nature of the business, the different strategies to achieve the business goals, budget, and analyzing the profit and loss statement. According to Mike’s How to write business
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