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Business Justification: What It Is and How to Write One

A business justification is a document that explains the reasons for undertaking a project or activity. It is used to persuade stakeholders to approve the project or activity and to provide them with the information they need to make an informed decision.

A business justification should be clear, sleep-environment.org/  and persuasive. It should identify the problem or opportunity that the project is addressing, as well as the benefits that the project will deliver. It should also assess the costs and risks associated with the project and explain how they will be mitigated.

How to write a business justification

To write a business justification, you should follow these steps:

  1. Identify the problem or opportunity. What is the problem or opportunity that the project is addressing? Why is it important to address this problem or opportunity?
  2. Define the goals and objectives of the project. What are the specific goals and objectives that the project aims to achieve?
  3. Identify the benefits of the project. What benefits will the project deliver to the business? How will these benefits be measured?
  4. Assess the costs and risks of the project. What are the estimated costs of the project? What are the potential risks associated with the project and how will they be mitigated?
  5. Develop a business case. The business case should summarize the key points of the business justification, including the problem or opportunity, the goals and objectives of the project, the benefits of the project, and the costs and risks of the project.

Tips for writing a business justification

Here are a few tips for writing a business justification:

  • Be clear and concise. The business justification should be easy to read and understand. Avoid using jargon and technical language.
  • Be persuasive. The business justification should convince the reader that the project is worth investing in. Highlight the benefits of the project and how it will help the business to achieve its goals.
  • Be realistic. The business justification should be based on realistic assumptions about the costs, benefits, and risks of the project.
  • Be flexible. The business justification should be flexible enough to be updated as needed. This is especially important for large or complex projects.

Conclusion

A business justification is an important document that can help you to secure the resources you need to undertake a project or activity. By following the tips above, you can write a business justification that is clear, concise, persuasive, and realistic.