Captain's Log Entry 7128.5—Make no mistake: Every business case is meant to prove something. Case authors may as well open with the line: I'm going to prove my project proposal is a good business decision. Or, I'm going to prove financial justification for my proposal. Or, we are acting responsibly when we take action! Business case proof relies on the same reasoning that delivers decisive proof in the science lab. Case builders intent on proving something often go on to produce the return on investment (ROI), internal rate of return (IRR), or net present value (NPV) they expect from their proposals. Their financial metrics may be attractive, but for some reason, they just don't "make the case" with CFOs, review boards, or other senior managers. There may be doubts all around that anyone can proved anything with a business case. The good news, however, is that business case analysis can indeed deliver a very strong form of proof—if everyone involved understands the nature of business case reasoning and business case evidence. Read more of this post Marty Schmidt | 2019-06-21 at 06:24 | URL: https://www.business-case-analysis.com/blog/?p=7593 |