Enterprises face the challenge of deciding which investments to make and how to allocate scarce resources to competing projects.Typically,a senior manager composes a(n)________ that outlines the justification for the start-up and funding of a project.
A)Project portfolio
B)Business case
C)ROI analysis
D)Business impact statement

Question

Quizplus · Accepted Answer

A business case is a detailed document that outlines the justification for starting and funding a project. It includes analysis of the potential benefits, costs, and risks of the project, as well as an assessment of the feasibility and alignment with business goals. A project portfolio is a collection of projects managed together, ROI analysis is a tool used to measure the return on investment for a specific project or initiative, and a business impact statement communicates the potential impact of a project on the organization. However, none of these options fully capture the task of outlining justification for the start-up and funding of a project, making B the best choice.

Enterprises Face the Challenge of Deciding Which Investments to Make