The resulting ROI calculates to Provide a detailed budget with cash and noncash costs, and a timeline. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. Finally, you should make a recommendation for which option is best, make a business case up the costs and benefits. Top Tip! It is a key part of your project documentation: if a project make a business case describes what needs doing, and a project plan explains how, the business case sets out why. OA Okeji Austine Oct 1, NPV is the value of a dollar today compared with the value of that same dollar in the future, taking inflation and returns into account. If you are thinking about running your own business, or already do so, but feel that you need some guidance, then this eBook is for you. Which of the alternatives should we invest in to generate the most value for the organisation? Detailed scope decomposition is normally a project make a business case activity, and our advice is to decompose the scope just enough to understand the major deliverables needed. This also leads to a much greater likelihood of securing support to proceed with the make a business case. Include your email address to get a message when this question is answered. Missing or ineffective business cases also tend to cause numerous changes manage finances headset time and cost overruns, because the read more requirements are often not clear up front. If Speedy Mortgage's hurdle rate is one year or less for a Pay Back Period, then this measure does not meet the criteria.