Which of the following is MOST important to include in a business case for an IT-enabled investment?
Which of the following is MOST important to include in a business case for an IT-enabled investment?
In a business case for an IT-enabled investment, the most important element to include is a cost-benefit analysis. This analysis evaluates the economic justification of the investment by comparing the expected costs against the anticipated benefits, thus providing a clear understanding of the potential return on investment (ROI). Decision-makers rely heavily on this information to determine whether the proposed investment is financially viable and worth pursuing.
A cost-benefit analysis is a critical element in a business case as it assesses the financial viability of the proposed IT-enabled investment. It compares the expected costs of the investment against the anticipated benefits, providing decision-makers with a clear understanding of the potential return on investment (ROI).
Cost-benefit analysis is essential to evaluate the economic justification of an investment. It supports decision-making by comparing the expected benefits and costs of an investment. Although risk assessment is also important, analysis with concrete figures is particularly important in decision-making.