What is a business case?

A business case is an argument used to prove the reliability or suitability of a plan, purchase or action. It can be used to justify any type of purchase, conversion or expansion. It is generally used to obtain a project financing or support or to obtain a purchase from key stakeholders.

In most formal situations, a business case is presented as a document. It can be supported using graphs or illustrations, or could be placed in an easy -to -present format such as presentation. Occasionally, however, such justification can be a purely verbal presentation or presented as a video.

The business case format traditionally consists of several identifiable parts. Usually this begins with a problem statement in which the lecturer outlines the current problem and its effects on society. This is followed by a statement of a position that explains how the lecturer proposes to solve the problem. Here is a primary purchase or action.

Presence afterwardssentences costs and benefits of solutions. It can also represent an alternative solution that has been considered and explain why they are less desirable. The lecturer concludes a summary of his position and illustrates how the world could look at the design of its proposal.

For example, a moderator can be a receivable manager who wants to create a new position and needs funds from the budget of human resources. The manager could begin by saying that collections in past accounts are currently behind 20 days, although the current team works two hours of overtime every day. He could then state that adding a new position would solve the problem. He can then explain all the benefits of new lease, such as improving the existing employee's morale, reducing overtime costs, and collecting attempts to collect. After providing a detailed analysis that compares the cost of hiring a new employee such as salary and benefits, with potential savingsCosts such as the cost of unscrupulous accounts and overtime salaries could conclude that the addition of a new employee will lead to happier staff and a more efficient department.

However, the presentation of a business case is not exclusive for business. Whenever someone attempts to sell another person a product, service or idea, they build a business case. For example, television ads can ask viewers if they are tired, that they will try to perform difficult, chaotic kitchen tasks, and then introduce them to a new automated tool to do work for them. Such advertising could be closed by showing a happy chef relaxation with a glass of wine, while gadget performs all the work.

Other examples include a teenage reason why it should be entitled to participate in activities, a salesman who publishes a new security system of Nebodokonce and a restaurant server promoting a special or dessert. Business plans are really just a long, very complex businesspads. Once understood, it is clear that business cases are used every day in all aspects of life.