Anyone making a business proposal for the first time is plagued with this question. What is a business proposal? And why is it so important? The answer is fairly simple. A business proposal is a document that is sent by a seller or service provider to a potential client. The document contains information about the seller’s company and the services or products they are offering.
Tagged: business case
A business case is a fundamental part of the project management process. This decision making tool aims to convince senior management of the need to invest resources in a proposed project rather than in other competing alternatives. A business case also helps analyze the financial and non-financial outcomes following from the project to determine how costs and revenue will change and what effects will occur after project completion.
This Business Case Template describes typical items to be included in a business case. It also gives some suggestions regarding document writing and presentation styles. This template will help business analysts, project managers, sponsors and other decision makers review the arguments for or against a proposed project. It is available for free downloading.
When a business organization decides whether or not to invest in a kind of technology innovation project, the first thing this organization needs to consider is the business value that can be delivered with this project. In such situations, a business case can be used as a framework for measuring business value and profitability of IT investment opportunities in terms of ROI (Return on Investment). In this article you will find out how to develop a business case for an IT investment project. Here we describe a 7-step approach to writing IT investment business case.
Business Case is one of the primary documents that allow summarizing the need for launching a project and analysing possible alternatives. Throughout the lifecycle of the project this document is used to show the project justification and reasonability. In the Initiation Phase, Business Case is used as a way for making decisions on initiating the project, setting primary goals and defining the cost-benefit ratio.