This step documents the high-level costs and benefits of the change and shows management that business risk has been evaluated. It’s intended to give managers confidence, so that the project can gain approval to proceed and obtain resource commitment.
The techniques of developing an initial business case are the classic ones employed by organizations to justify expenditure of funds and allocation of human resources:
Internal proposal preparation
Analyze the high-level alternative approaches for potential improvement (a maximum of three), and determine the benefits associated with each alternative based on stakeholder expectations and the value added ...