1. Foundations

Business Case Development — Quiz

Test your understanding of business case development with 5 practice questions.

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Practice Questions

Question 1

Which element of a business case focuses on comparing the total costs of an initiative against its total benefits?

Question 2

What is the primary output of a well-developed business case for an analytics initiative?

Question 3

When developing a business case, what is the purpose of defining the 'opportunity'?

Question 4

If an analytics project has a negative Return on Investment (ROI), what does this primarily indicate?

Question 5

What is the main benefit of conducting a thorough risk assessment in business case development?