The correct answer is that a business case is used to justify the project's initiation. A business case is a formal document that evaluates the potential benefits, costs, and risks of a proposed project. Its main purpose is to provide decision-makers with the necessary information to determine if the project is a worthwhile investment and should be initiated. The other options describe activities that occur in later phases of the project life cycle: creating a detailed schedule happens during planning, tracking daily tasks occurs during execution, and closing contracts is part of the closing phase.
Ask Bash
Bash is our AI bot, trained to help you pass your exam. AI Generated Content may display inaccurate information, always double-check anything important.
What does ROI stand for and why is it important in a business case?
Open an interactive chat with Bash
What are the common elements included in a business case?
Open an interactive chat with Bash
What are some typical risks evaluated in a business case?