Business Case Vs. Business Plan - 1132 Words

Business Case vs. Business Plan Sunilkumar Patel Wilmington University Benjamin Franking has once said â€Å"By failing to prepare, you are preparing to fail.† This quote is still stands to true no matter which side of the global you visit. Especially in businesses, not discounting what size is it, it is very important to plan ahead; set goals whether they are short term or long term, share the vision with its employees. All these are mentioned in business plan which states how business will operate, earn revenue, make profit along with where it will be moving towards in future, which should all support its mission statement and share same vision. On the other hand a business case is an opportunity or problem or a statement which starts out as a thought and turned into a document that sets the guidelines of how to make it into a reality. This paper defines what are differences between business case and business plan and how they are used in businesses. There are also few different examples of business cases are provided and described which the b est one is and what makes it the best one compare to the others. Having a business plan for any organization serves as a bible for any organizations which their internal standards, organizational goals, vision and mission statement is set forth. A business plan could used be used to raise money from investors for business venture or it can be used for employees to see which direction company is heading. A businessShow MoreRelatedProject Description Of A Business Case816 Words   |  4 Pageswho prepared business case, make a recommendation for the best option of the solutions. If there is any modifications in the proposed methodology for development of the enterprise, that modification is inserted here; otherwise, this section is not obligatory (Rouse). †¢ Authorization: Being a business case for the proposed project, it needs to be authorized by top managers. Either project will be accepted or rejected, it depends on the Executive board (Rouse). Since a business case is prepared byRead MoreBusiness Continuity Plans And The Disaster Recovery Plan1580 Words   |  7 Pages Business Continuity Plans (BCP) Paul D. Singleton Jr. March 11, 2015 ISSC481: IT Security: Planning and Policy Karen Paullet American Public University Business Continuity Plans (BCP) The Business Continuity Plan (BCP) and the Disaster Recovery Plan (DRP) are twin resources derived to preserve vital organization operations when facing an unsuspecting disaster. A disaster can be either natural or man-made. Natural disasters include floods, fires, earthquakes, and lightning strikesRead More†¢Identify And Evaluate Key Result Areas (Kras) And Key1660 Words   |  7 Pages Product Management †¢ Hours spent on production †¢ Actual cost vs projected †¢ Outcomes achieved vs plan †¢ Issues encountered †¢ Optimisation of resource management, ie stock rotation etc. Six Sigma. 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