Which TWO statements describe a purpose of the business case?
1. To define the acceptance criteria for what the project must deliver.
2. To transfer responsibility for the work to the appropriate delivery team.
3. To document how significant risks will affect the expected project benefits.
4. To outline how and when the anticipated benefits can be measured.
The purpose of a business case includes documenting how significant risks will affect the expected project benefits and outlining how and when the anticipated benefits can be measured. This helps in assessing the viability, desirability, and achievability of the project to support decision-making regarding investment. Therefore, statements 3 and 4 correctly describe the purpose of the business case.
5.3 Themes Business case Purpose & Description: The purpose of the business case theme is to establish mechanisms to judge whether the project is (and remains) desirable, viable and achievable as a means to support decision-making in its (continued) investment. The project starts with an idea which is considered to have potential value for the organization concerned. This theme addresses how the idea is developed into a viable investment proposition for the organization and how project management maintains the focus on the organization’s objectives throughout the project.