L4M2 Exam Dumps : Defining Business Needs

Explanation

Start-up costs are generally low in service industries, and the main requirement is a level of knowledge and skill in that particular service.

LO 2, AC 2.1

Comprehensive and Detailed Explanation (from CIPS L4M2 – Business Case Development)

A robust business case must:

Quantify costs and risks (financial, operational, environmental).

Identify and justify business benefits (savings, value, compliance, performance).

Supplier lists or informal notes are not appropriate inclusions.

Thus, Option A (1 and 3 only) is correct.

Relevant L4M2 references:

“Structure and content of a business case”

“Cost, risk, and benefit evaluation in justification”