A general insurance company wants to enter a new segment that has the potential for high profit and little competition. The business analyst (BA) was asked to prepare a presentation for key stakeholde

The correct answer is D. Business case. According to the BABOK® Guide, a business case is a document that provides the justification for initiating a project or an investment. A business case typically includes the following elements: the problem or opportunity statement, the objectives and expected outcomes, the propo

Strategy Analysis

Question

A general insurance company wants to enter a new segment that has the potential for high profit and little competition. The business analyst (BA) was asked to prepare a presentation for key stakeholders to show how the new segment will deliver value for stakeholders. Which of the following is best suited for this purpose?

Options

ACapability analysis man
BBusiness architecture
CBusiness model canvas
DBusiness case

How the community answered

(19 responses)

C
5% (1)
D
95% (18)

Explanation

According to the BABOK® Guide, a business case is a document that provides the justification for initiating a project or an investment. A business case typically includes the following elements: the problem or opportunity statement, the objectives and expected outcomes, the proposed solution and alternatives, the costs and benefits analysis, the risks and assumptions, and the recommendations and conclusions. A business case is best suited for presenting how a new segment will deliver value for stakeholders, as it can demonstrate the feasibility, desirability, and viability of the proposed solution, and compare it with other possible options. A business case can also help the stakeholders to make informed decisions and to secure the necessary resources and support for the project.

Topics

#business case#value proposition#market strategy#stakeholder presentation

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