CGEIT · Question #509
When establishing a methodology for business cases, it would be MOST beneficial for an enterprise to include procedures for:
The correct answer is A. updating the business case throughout its life cycle. It is most beneficial to include procedures for updating the business case throughout its life cycle when establishing a methodology for business cases. This ensures that the business case remains relevant and accurate as project parameters and organizational priorities evolve.
Question
When establishing a methodology for business cases, it would be MOST beneficial for an enterprise to include procedures for:
Options
- Aupdating the business case throughout its life cycle.
- Baddressing required changes outside the business case.
- Cidentifying metrics post-implementation to measure project success.
- Dentering the business case into the enterprise architecture (EA).
How the community answered
(28 responses)- A75% (21)
- B4% (1)
- C14% (4)
- D7% (2)
Why each option
It is most beneficial to include procedures for updating the business case throughout its life cycle when establishing a methodology for business cases. This ensures that the business case remains relevant and accurate as project parameters and organizational priorities evolve.
Including procedures for updating the business case throughout its life cycle ensures that the document remains a living artifact, reflecting changes in project scope, costs, benefits, and strategic alignment. This continuous updating allows for informed decision-making at various stages of the project, ensuring ongoing relevance and value realization.
Addressing changes outside the business case refers to managing broader organizational changes, which is important but distinct from maintaining the integrity and relevance of the business case itself.
While identifying post-implementation metrics is crucial for measuring project success and benefits realization, this is an outcome of the business case process rather than a procedure *for* establishing the business case methodology itself.
Entering the business case into the Enterprise Architecture (EA) might be part of an information management process, but it doesn't directly contribute to the ongoing utility and accuracy of the business case as a decision-making tool.
Concept tested: Business case life cycle management
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