7020 essay - Define Business Case and explain the...

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Define Business Case and explain the difference between a Business Case and a Business Plan. Selected Answer: A business case captures the reasoning for intiating a project or task.a business case argument usually documented that is an argument usually documented that is intended to convince a decison maker to approve some kind of action.for complex issues abusiness case should be presented in a carefully constructed document.A business case document should examine benefits and risks involved with taking the action and not taking the action.A business case document is a formal written argument included to convince a decison maker to approve a action.Business cases are created to help decision makers ensure the proposed intiative will have value and relative priority compared to alternative intiatives based on the objectives and expected benefits laid out for the business case. The main difference between business case and business plan case: A business is a business related concept that is both practical and profitable while a business plan gives the details and elucidates the finanacial steps necessary to create or grow a successful benefits. subject scope: For a business case it's a project or intiative.For a business plan,its's awhole company or business unit. Model Complexity:For a business case,you need a benefits model and cost model.users are usually internal ana these are no competitors.Business case measures finanacial metrics such as NPV,IRR,ROI payback period and TCO based projected cash flow. Business plan measures Business performance in terms such as sales,margins,profits and business. Reference: - difference-between-a-business-cas.html Correct Answer: [None] Respons e Feedbac k: [None Given] Question 2 15 out of 20 points What is the relationship between systems analysts and stakeholders? This relationship has a significant impact on a business case that is developed around and idea or proposal. Selected Answer: The relationship has significant impact on a business case that is developed around and idea or proposal.Stackholder analysis is a term that refers tobthe action of analyzing the atitudes of stackholders towards a project,a stack holder is any person organsization,who can be positively or negitively impaced by orcause an impact on th eactions of a company,government or organization.
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