Business Case Writing Introduction to Business Case Writing 4

Question 1

What does a 'risk mitigation strategy' in a business case describe?

Accepted Answer

Actions planned to reduce the probability or impact of identified risks

Answer

Risk mitigation strategies outline proactive actions to lower the likelihood or severity of risks, though they rarely eliminate risk entirely.

Question 2

In business case writing, the 'recommended option' section should:

Accepted Answer

Clearly state the preferred solution and justify why it best meets the objectives

Answer

The recommended option section should make a clear, well-justified choice to help decision-makers act confidently.

Question 3

Which of the following costs should be included in a business case's total cost of ownership (TCO)?

Accepted Answer

All costs including implementation, training, maintenance, and decommissioning

Answer

TCO captures every cost across the full lifecycle of the solution, not just the upfront price.

Question 4

A business case author who omits known risks to make the proposal look stronger is:

Accepted Answer

Committing an ethical violation that could harm organizational decision-making

Answer

Omitting known risks is intellectually dishonest and can lead to poor decisions, undermining trust and potentially causing significant harm.

Question 5

What is the key difference between an 'assumption' and a 'constraint' in a business case?

Accepted Answer

Assumptions are things believed to be true without proof; constraints are real limitations imposed on the project

Answer

Assumptions are unverified beliefs the case relies on, while constraints are fixed boundaries (budget, time, regulations) the project must operate within.

Business Case Writing Practice Test

Business Case Writing Practice Test

Business Case Writing Introduction to Business Case Writing 4