Business Case

The reason for making an investment (in whatever form), performing a process or using a tool. It often includes economic or quality justification (costs/benefits), and is often combined with a larger description of what the process or tool should achieve. A business case often specifies RASCI (Who is Responsible, Accountable, Supporting, Consulted, Informed).

Business requirement

The necessary components or activities to accomplish the desired task or process – ‘what to do.’ Business requirements are gathered from stakeholders. Business requirements are specific requirements rather than overall project objectives, and when connected to electronic messages or software, are used to develop the very specific functional requirements for a software tool.

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