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What is an example of business justification?

Business justification is when a company provides evidence that a project or purchase will be beneficial for the company in some way, usually financially or operationally. It essentially looks to answer the question of why a given expense or effort is worthwhile.

For example, two years ago a small computer retail store faced a problem with sales of their custom-built desktop machines. Customers were pushing for faster and more powerful systems, but the cost of the parts to meet this demand was much higher than for traditional desktops.

To help decide whether to move forward, the store compiled data on how much revenue these custom-built systems were generating compared to traditional desktops. The store also looked to customer feedback and preference surveys to see what customers truly wanted and valued.

After thorough analysis, the store decided it was worth the added expense to offer custom-built machines and had a business justification that showed the clear financial and operational benefits of doing so.

How do you write justification of opportunity?

Writing justification of opportunity involves clearly articulating the reasons why a particular project or initiative should be allocated resources, usually based on analyzing the potential return on investment.

This process of justification involves determining the costs of the proposed project, the expected benefits and potential risks associated with the project, and any necessary steps to ensure the successful completion of the project.

At the core of writing justification of opportunity lies the ability to do a cost-benefit analysis. This requires a clear understanding of the investment and desired outcomes of the project in order to compare the costs and benefits associated with it.

It is also important to factor in the potential risks associated with the project. Additionally, the justification must include the steps that need to be taken to ensure the success of the project, such as resources required, timeline for completion, and any projected overtime or other external costs.

Once the necessary information is gathered and the cost-benefit analysis is completed, the justification of opportunity can be written in a clear and succinct manner. Outlining the costs of the project, the expected benefits, and the potential risks associated with it will show the decision-makers that the project is a worthwhile investment.

Detailing the steps required to ensure the success of the project will make them feel more confident in the project’s performance and increase the likelihood of its approval.

What is justification in simple words?

Justification is the process or act of providing or offering a sufficient or convincing explanation for a belief or action. It involves explaining the reasons why something is important or necessary, providing evidence for a decision or outcome, and/or making a sound case for a course of action.

In other words, it is the act of making something appear fair, valid, or appropriate, typically through providing detailed evidence or support.

What does it mean to justify your actions?

To justify your actions means to make a strong case explaining why they were necessary or the right thing to do. This often involves providing evidence or a logical argument that supports your position.

When someone justifies their actions, they explain why they acted as they did and make their reasoning clear to others. Justifying your actions is important to help achieve agreement, foster understanding, and show that you are acting with integrity and acting in good faith.

How do people justify their actions?

People often justify their actions by making sense of them in terms of their core beliefs and values. They use different types of rationalization, excuses and cognitive dissonance in order to make their behavior ‘okay’.

For example, people might make a self-serving bias and think they are an exception to the rule or might emphasize their positive intentions while ignoring the negative consequences of their actions. They may also blame external factors, such as their upbringing — especially if the behaviour was instilled in them from childhood.

A person may also justify behaviour through appeal to higher authority, for example citing a religious figure or political leader. Finally, some people may justify their actions through false consensus, generalizing their behaviour by assuming that it is something that everyone does.