Business Case

A business case for a project is a detailed investment proposal. It provides an analysis of the costs, benefits and risks associated with a proposed investment and offers reasonable alternatives. It provides information necessary to make a decision about whether a project should proceed. It is the indispensable first activity in the lifecycle of an IT investment.

How can one select the right mix of IM/IT projects that best meet mission needs and improvement priorities? The IM/IT Investment Evaluation Guide explains how to do so: assess and organize current and proposed IM/IT projects and create a portfolio of IM/IT projects; periodically assess the progress of the projects against their projected cost, scheduled milestones, and expected benefits; and constantly improve the organization's IM/IT investment process.