Valid L4M8 Dumps shared by ExamDiscuss.com for Helping Passing L4M8 Exam! ExamDiscuss.com now offer the newest L4M8 exam dumps, the ExamDiscuss.com L4M8 exam questions have been updated and answers have been corrected get the newest ExamDiscuss.com L4M8 dumps with Test Engine here:
Access L4M8 Dumps Premium Version
(106 Q&As Dumps, 35%OFF Special Discount Code: freecram)
<< Prev Question Next Question >>
Question 15/35
What is business case?
Correct Answer:
A business case is a document containing the justification and the commercial benefits achievable for a potential project or an identified need, for example, the purchase of a capital equipment, con-struction of an additional warehouse or procuring more innovative software to replace the current on in use.
The essence of the business case is to obtain support and get buy-in from senior management.
In order to gain authority to apply whole life asset management a business case will need to be created and presented. A developed business case will cover the following element.
1) Introduction: Outline of what the business case is all about
2) Objective: Explanation of what the business case desired outcome is.
3) Approach that will be undertaken
4) List of resources required
5) Benefits of achieving the objective
The essence of the business case is to obtain support and get buy-in from senior management.
In order to gain authority to apply whole life asset management a business case will need to be created and presented. A developed business case will cover the following element.
1) Introduction: Outline of what the business case is all about
2) Objective: Explanation of what the business case desired outcome is.
3) Approach that will be undertaken
4) List of resources required
5) Benefits of achieving the objective
- Question List (35q)
- Question 1: Describe one implied term and one expressed term from a cont...
- Question 2: Which Incoterm applies here? The supplier is responsible for...
- Question 3: Describe three benefits of working cross-functionally...
- Question 4: Which Incoterm applies here? The supplier is responsible for...
- Question 5: What Incoterm applies here? The goods are considered 'delive...
- Question 6: Describe one qualitative and one quantitative measures of so...
- Question 7: Which Incoterm applies here? The supplier is responsible for...
- Question 8: What are the four methods that can be used to try to resolve...
- Question 9: Explain the difference between bonded and forced labor....
- Question 10: Why is it important to have adequate procedures in place wit...
- Question 11: The supplier is responsible for delivering the goods to a na...
- Question 12: Explain why it is deemed better to use Sea freight rather th...
- Question 13: What are the ILO and ETI?
- Question 14: Use the balance sheet below to work out the correct ratio fo...
- Question 15: What is business case?
- Question 16: What are five recognized types of modern slavery?...
- Question 17: Looking at stage 8 of the procurement and supply cycle, what...
- Question 18: What are the five stages in Tuckman's team Development model...
- Question 19: Which type of power is most likely to be used in corruption?...
- Question 20: What is the method of monitoring suppliers?...
- Question 21: What is a cross function team?
- Question 22: Explain how a lack of understanding of a global supplier's c...
- Question 23: Describe four factors that could damage reputation within th...
- Question 24: What information should be included on a purchase requisitio...
- Question 25: What effect is technology having on jobs within an organizat...
- Question 26: What is commissioning?
- Question 27: Why do some specifications need to adapt?...
- Question 28: When should whole life asset management be applied?...
- Question 29: Which Incoterm applies here? The supplier is responsible for...
- Question 30: What potential costs could an organization face if it fails ...
- Question 31: What is contract performance review and continuous improveme...
- Question 32: Think of a supply chain with which you are familiar and dist...
- Question 33: What does the acronym SMART stand for?...
- Question 34: Which four procurement cycle stages happen after the award o...
- Question 35: Create two KPIs and two SLAs for a contract with which you a...
