What is a Business Case primarily used for?

The primary purpose of a Business Case is to justify the use of organizational resources. A Business Case provides a structured way to evaluate the rationale for a project or investment. It outlines the benefits, costs, risks, and alternatives to ensure that decision-makers understand the value of the proposed initiative. This justification is crucial for gaining buy-in from stakeholders and aligning initiatives with organizational objectives.

In the context of strategic planning and decision-making, a Business Case aids in demonstrating how the resources requested will contribute to achieving desired outcomes, ensuring that investments are made wisely and that they support the overall strategy of the organization. It serves as a foundational document that guides the decision-making process, helping leaders determine whether the initiative is worth pursuing based on its alignment with business goals.

The other options do not align with the core function of a Business Case; annual financial statements are typically designed for financial reporting, employee performance tracking focuses on assessing individual contributions, and compliance assessments are geared toward ensuring legal and regulatory adherence. These functions do not encapsulate the comprehensive justification and strategic alignment that a Business Case represents.