Paraphrase The business case for an IT investment describes the problem facing the organization that can be solved by investing in a proposed system solution. It provides an analysis of whether an information system project is a good investment by calculating its costs and benefits. Tangible benefits are quantifiable, and intangible benefits cannot be immediately quantified but may provide quantifiable benefits in the future. Benefits that exceed costs should be analyzed using capital budgeting methods to make sure they represent a good return on the firm's invested capital. Organizations should develop an information systems plan that describes how information technology supports the company's overall business plan and strategy. Portfolio analysis and scoring models can be used to evaluate alternative information systems projects.

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The justification for an IT investment outlines the issue that an organization is fa... View the full answer