Why do you need to develop a business case for a new social monitoring technology?

1. It’s an important skill for professionals to be able to analyze and communicate the return on investment expected from their requested budget.
2. So that after the investment is made, you can go back and see whether it has lived up to expectations.
3. To clearly outline the expected value gained from a software investment and set the expectation with your manager of how you’ll realize that value.
4. Social monitoring technology is particularly expensive and difficult to determine a return on investment.

Correct Answer:

• To clearly outline the expected value gained from a software investment and set the expectation with your manager of how you’ll realize that value.