It is very important to consider the business case and feasibility analysis before undertaking any new project. The IS auditor should have a basic understanding of the business case as well as the feasibility study.
Business cases
A business case is a justification for a proposed project. The business case is prepared to justify the effort and investment in a proposed project. It captures the reasoning for initiating a project or task. Generally, the business case is the precursor to the start of the project. The business case is a key element in decision-making for any project. Development of the business case is the responsibility of the project sponsor.
The proposed ROIs, along with any other expected benefits, are the most important consideration for decision-making in any new project.
Feasibility analysis
A feasibility study is an analysis that takes various factors into account, including economic, technical, and legal factors, to ascertain...