Business Case Quiz
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Questions and Answers

A Business Case is for

  • Launching a new business
  • Get approval for an idea (correct)
  • Calculating finances
  • Estimating the project timeline
  • In which section of business case are sign offs included?

  • Problem Statement
  • Executive Summary
  • Administrative (correct)
  • Solution
  • A good executive summary should contain

  • the names of all team members who contributed to the work
  • keywords like "leverage" and "synergies"
  • a description of how excited you are about the idea
  • a clear, simple story that explains the entire idea (correct)
  • "We don’t have an effective, flexible and versatile customer relationship management or CRM system. We need to upgrade our CRM efforts to improve brand recall." - is an example of?

    <p>Problem Statement</p> Signup and view all the answers

    "We expect to see better customer retention and incremental sales of our training courses" - is an example of

    <p>Benefits</p> Signup and view all the answers

    What is the best practice to explain benefits

    <p>Focus on most important benefits</p> Signup and view all the answers

    If you are unsure of how much detail to include, what should you do?

    <p>Discuss with Stakeholders regarding the details</p> Signup and view all the answers

    To help with investment case, consult ____

    <p>Finance Team</p> Signup and view all the answers

    Timeline in a business case should be

    <p>cover major milestones</p> Signup and view all the answers

    How to assess success of idea?

    <p>All the above</p> Signup and view all the answers

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