When you must persuade senior management to approve an information-systems initiative, which single document is most important to present as the basis for decision making?

Difficulty: Easy

Correct Answer: A project evaluation presenting costs, benefits, risks, and recommendations

Explanation:


Introduction / Context:
Securing executive sponsorship requires more than enthusiasm; it demands a rigorous, decision-ready document. Management needs a balanced view of value, cost, risk, and strategic alignment to authorize funding and resources. This is the role of a structured project evaluation (often called a feasibility or business case report).



Given Data / Assumptions:

  • The goal is to obtain a go/no-go decision.
  • Leaders expect quantified benefits, cost estimates, timelines, risks, and clear recommendations.
  • The document should be comprehensive yet concise, integrating inputs from stakeholders and technical teams.


Concept / Approach:
A project evaluation synthesizes the problem statement, proposed alternatives, economic analysis (cost–benefit, ROI, payback), technical feasibility, operational impact, risks, and mitigation plans. It is more actionable than a mere problem summary and broader than a financing method. Purchasing procedures are downstream tasks once the project is approved.



Step-by-Step Solution:

1) Define the decision: should management authorize the project?2) Identify required content: business need, options, costs/benefits, risks, and recommendation.3) Recognize the document that integrates all these elements: a project evaluation (business case/feasibility report).4) Select the corresponding option.


Verification / Alternative check:
Portfolio and PMO practices require business cases or feasibility reports before allocating capital, confirming this as the key artifact.


Why Other Options Are Wrong:

Method for financing: important but insufficient alone.Problem summary: necessary, but it lacks analysis and recommendation.Procedure for purchase: relevant only after approval.None: incorrect because a definitive best choice exists.


Common Pitfalls:
Presenting technical details without business value; omitting risk and change-management costs; failing to compare credible alternatives.


Final Answer:
A project evaluation presenting costs, benefits, risks, and recommendations

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