Question

Building a business case for an IT investment: Allows management to establish priorities for investing in different projects. Helps gain commitment for the IT investment from business managers. Creates a basis for monitoring the investment. Identifies the benefits of the investment. All of the above

Answer 1

Question:

Building a business case for an IT investment:

A) Allows management to establish priorities for investing in different projects.

B) Helps gain commitment for the IT investment from business managers.

C) Creates a basis for monitoring the investment.

D) Identifies the benefits of the investment.

E) All of the above

Answer:

The correct answer is D)

One way to build a business case for an IT Investment is to show the benefits of the Investment to the business.

A business case usually involves the following questions:

1. Which of the alternatives should we invest in to generate the most value for the organization
2. Are there substitutes that are more profitable?
3. What is the value of the benefits?
4. Is there a better strategic approach?
5. What is the purpose or the why behind the proposal?

Answers to the above help management in making the best decision possible .

Cheers!