ecognizing that project initiation involves defining a new project or a new phase of a progressing project, the PMBOK Guide (PMI, 2021) states that "[m]any projects, though not all, are initiated based on a business case. Projects may be initiated due to any identified need to deliver or modify a process, product, or service, such as contracts, statements of work, or other documents. In all cases, the project intent is to provide the desired outcome that addresses the need with a valued solution. A business case can contain information about strategic alignment, assessment of risk exposure, economic feasibility study, return on investments, expected key performance measures, evaluations, and alternative approaches." (p. 34). Based on a review of A Guide to the Project Management Body of Knowledge (PMBOK Guide) and evaluation of The Project Business Case section of Chapter 3 of the textbook, describe your approach to a successful development of a project business case required in an initial phase of a project. Then discuss at least three key elements of a project business with a major role in the project success. End your discussion post with describing a tool that is typically used to establish and communicate a project