Question

Enterprises face the challenge of deciding which investments to make and how to allocate scarce resources to competing projects. Typically a senior manager composes a(n) ________ that outlines the justification for the start-up and funding of a project.

Answer 1

Answer: Business case

Explanation: In other to eliminate the dilemma posed by having to allocate resources particularly in those which are not readily available in abundance or having to choose between two or more different options, tasks or projects, managers are often faced with a decision dilemma which are is usually analysed by making a business case in other to identify the modalities attached with each project or task on the basis of risk, benefit attached, cost, timing of such projects and so on. This will enable managers to arrive at a reasonable justification to choose an option over the other which will yield a longterm return or benefit to the organization.