Business Case for Investment Research Paper Example | Topics and Well Written Essays - 1750 words

Business Case for Investment - Research Paper Example mme contribute in the investment, what things are done in order the projects can fit with future and current capabilities, the funds and resources needed and the delivery of the benefits acquired. Business case development should be in possession of a sponsor of the business and later all the stakeholders should be involved in documenting and creating a business result of an investment that is complete. Curley (2004) asserts that the business case should illustrate how business results are measured and the initiatives needed in achieving a good result. The initiatives are either any changes of the nature of the business enterprise, processes in the business, and skills of the people, technology involved and competencies. The business case identifies how these initiatives contribute in the business. Risks are needed to be spotted and documented. The sponsor of the business is the one who will make a decision on whether to go on with an IT-facilitated investment. He also verifies if the business case is viable to be evaluated on the portfolio stage. Distinguishing between the processes needed to be followed when getting on IT-facilitated investment is important. The investment category, size of the investment and the position of the investment in the financially viable life sequence are factors that establish business case parts that need more attention (Curley, 2004). In an IT-facilitated investment, the business case considers the resources needed to be developed, a technology service to support the investment, business and operational capability and the values of the stakeholder. The business case is usually developed from top to down. In creating a business case, a clear recognition of the outcomes desired in a business should be the one starting. When the investment is endorsed, delivery of the capabilities needed and the outcomes should be monitored and managed in the investment’s life sequence (Ross, 2001). The components in the business case are