Which of the following components is NOT part of a business case?

In a business case, the financial analysis is indeed a critical component, as it provides a clear understanding of the financial implications of the proposed solution, including costs, benefits, return on investment (ROI), and funding requirements. A business case typically includes several essential elements that help stakeholders understand the rationale behind a project or investment.

One of these essential elements is a statement of the problem, which outlines the issue that needs addressing. It highlights the context and urgency of the situation that the proposed solution aims to resolve. Another important component is the proposed solution itself, which details the recommended course of action to tackle the identified problem. Additionally, resource requirements outline what is needed—such as personnel, equipment, and technology—to implement the solution effectively.

When compiling a business case, all these components work together to form a comprehensive view of why a certain initiative is necessary and how it can be successfully executed. Financial analysis is a fundamental element because it assists decision-makers in evaluating the feasibility and sustainability of the proposed investment, thereby playing a crucial role in the overall assessment.