Business Case Analysis

Explanation

A business case analysis is used to evaluate the economic viability of a projectProjectA project is a temporary initiative with clearly defined objectives, resources, and a specific outcome.. It compares the expected benefits with the required investments and associated risks.

Typical components include cost–benefit analyses, expected savings, revenue potential, and strategic advantages.

Organizations often use a business case analysis as the basis for deciding whether a project should be approved and implemented.

Synonyms and Abbreviations

• Business Case: evaluation of the expected value, costs, benefits and risks of a project to support investment decisions
• Project Evaluation: analysis of the economic value of a project