Business people everywhere are hearing something like this from management: The business case is not optional!
Management Sends Messages Like These
Business case results include practical guidance for increasing gains, reducing costs, and reducing risk.
When do you know you need a business case? You know it when your management sends messages like these:
- We can't afford to fund every new project or development proposal anymore. We have to find a better way to prioritize proposals, decide which to continue, and which to drop.
- Starting this year, any request for non-budgeted funds is non-starter without a strong cost/benefit analysis behind it."
- New government policy says we have to have to show financial justification before going forward with major capital projects."
In brief, the business case is no longer optional in more and more places. Read more of this post