L4M2 Exam Dumps : Defining Business Needs

Explanation

IT equipment is typically linked with through-life contracts. This type of contract not only deal with the specification and the price of a machinery, but also other stages such as design, manufacture, installation, in-service support, decommission and disposal. Among these stages, the design stage is when buyer's requirements are translated into technically correct specification.

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”