Question 507 - CGEIT discussion

This is because a business case is a document that provides the justification and rationale for initiating, continuing, or terminating a project or program. It describes the business problem or opportunity, the objectives and benefits, the costs and risks, the alternatives and assumptions, and the expected outcomes and value of the proposed solution. A business case is not a static document, but rather a dynamic one that should be updated throughout the life cycle of the project or program, as new information, changes, and feedback emerge. Updating the business case throughout its life cycle can help to ensure that the project or program remains aligned with the business strategy and goals, as well as to monitor and evaluate its performance and value delivery.

Some of the sources that support this answer are:

1: This source provides a comprehensive guide on how to write a business case, including its purpose, structure, content, and format. It also explains why it is important to update the business case throughout the project or program life cycle, as it can help to track progress, measure benefits, manage risks, and communicate results.

2: This source discusses the benefits and challenges of updating the business case during the project or program execution. It suggests that updating the business case can help to validate assumptions, verify feasibility, adjust scope, and justify changes. It also provides some tips and best practices for updating the business case effectively and efficiently.

3: This source defines what a business case is and how it can be used to support IT governance and decision-making. It states that a business case should be updated regularly throughout the project or program life cycle, as it can help to ensure alignment with the enterprise architecture (EA), assess risks and opportunities, and demonstrate value realization.