Compare a business case to a Return of Investment (ROI) plan. Are they the same? If not, what are the differences?

 

Answer:  

To compare a business case to a Return of Investment (ROI) plan lets define them first. A business case gives defense to undertaking a task, program or portfolio. It assesses the advantage, cost and danger of elective alternatives and gives a reasoning to the favored arrangement. The business case is surveyed and updated at choice doors as more develop appraisals and data become accessible. The affirmed business case gives a record of the choices made by administration about how to accomplish the necessary rate of profitability from the work. It reports the alternatives considered and it is ordinary practice to incorporate the 'sit idle' choice as a kind of perspective. Through this methodology, the business case turns into a record of the prescribed alternative with reasoning and proof to help the choice. While a Return of Investment (ROI) plan  is an exhibition measure used to assess the productivity of a venture or look at the effectiveness of various speculations. return for capital invested attempts to straightforwardly gauge the measure of profit for a specific venture, comparative with the speculation's expense. We can say that they are almost the same as they have both give analysis on the overall planning for a project venture. Business plan gives the whole idea and picture of the business project while ROI gives the productivity and the most important metric to use for choosing an application and prioritizing projects within a company during budgeting. So generally, these two documents can help good analysis in making projects.