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The Need to Justify Investing in IT Projects, and Inclusion of Business Cases BY livable Explain the need to Justify investing in IT projects, and whether project should include a business case. Justifying the investment in IT projects is important to stay competitive. It gives you the advantage to increase time to market for goods and services. The increasing use of the internet and the constant advances in information technology allows other markets to compete at a higher level than before and is necessary to survive long ERM in your business.
With all of the new web sites allowing buying, selling, and trading of products and also allowing communicating, meeting, and chatting with people, the IT world has to be on top of the latest and greatest technology to stay competitive and log revenue. Social media is a booming market place and you need to stay on top of technology to compete or stay alive in your business. Aging unsupported hardware also causes downtime, costing money and time. Productivity among all facets of some companies upends on investing in IT advancements.
I think it is a good idea to include a business case because it gives you a chance to review the idea before you launch a project. You may discover that it may not be in the best interest of the company, or a good use of resources, money or time. It gives you an idea on whether the project is worth investing in. Every project will have different documentation of what their business case will include. Kathy Scalable