Which of the following describes a business case?

A business case serves as a comprehensive justification for initiating a project or investment. Its primary purpose is to provide a systematic and structured analysis of the benefits, costs, risks, and opportunities associated with a proposed project. By articulating the rationale behind a project, a business case helps stakeholders understand the potential value and makes it easier to decide whether to proceed or not.

The business case typically includes aspects such as the problem or opportunity being addressed, the proposed solution, and a detailed outline of expected outcomes. This includes potential benefits like increased efficiency, cost savings, or improved customer satisfaction. By presenting this information, a business case becomes an essential tool for decision-makers, guiding them to assess whether the project aligns with organizational objectives and generates sufficient return on investment.

While the other options may provide useful information in specific contexts—like detailing project costs, listing risks, or summarizing team roles—they do not encapsulate the broader function of the business case. The essence of a business case lies in its overarching purpose to advocate for a project by framing it within a context of strategic and financial justification.