Final answer:
Creating a Lean Business Case involves considering the value the project will bring, the risks associated with the project, and the complexity of its implementation. A cost/benefit analysis is a tool that assists in weighing these factors by comparing marginal costs and marginal benefits.
Step-by-step explanation:
When creating a Lean Business Case, three main considerations should include A) Value, B) Risk, and C) Complexity.
Value focuses on what the project will add in terms of revenue, efficiency, and overall worth to the organization.
Risk contemplates the potential challenges and uncertainties involved in pursuing the business case and how these might impact the success of the project.
Complexity takes into account the intricacies of the project, including the difficulty of the tasks involved and the resources required to complete them.
Employing a process like cost/benefit analysis helps in weighing these considerations, where the costs and benefits are evaluated to support decision-making. Here, marginal costs, which represent the extra cost of adding unit, are compared against marginal benefits, the extra benefit of adding the same unit, on a T-shaped chart. This method provides a structured approach to determining the practicality and feasibility of a business case.