Business Case
The justification for the project, showing the expected benefits outweigh the costs.
A business case documents the need or opportunity that initiated the project and provides a structured economic feasibility analysis so leaders can decide whether to authorize work and continue funding it. It typically captures the problem, viable options, expected benefits and costs, risks, and a recommended solution, and is owned by the sponsoring organization or business owner, not the project manager. For the exam, note the timing and ownership: the business case precedes and justifies the charter, which the sponsor issues to formally authorize the project. If assumptions change mid-project, the sponsor, not the PM, decides whether the project remains justified.
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