A business case provides justification for undertaking a project, programme or portfolio. It evaluates the
benefit, cost and risk of alternative options and provides a rationale for the preferred solution. A business case
is essential for demonstrating the value of the project and securing the approval and funding from the
governance. A business case is different from a scope statement, which defines the project boundaries and
deliverables; a sponsor request, which initiates the project idea and seeks support; and a project charter, which
authorizes the project and assigns the project manager. References = CompTIA Project+ PK0-005
Certification Study Guide, Chapter 3: Initiating Projects; What is business case? | APM