Creating a Business Case Given the list of activities below, determine during which step of the creating a Business Case process they would be done, or if they would not be done at all when creating a Business Case. Creating a Business Case steps: 1. Identify the business need or opportunity. 2. Determine option(s) to meet the need. 3. Estimate relevant cash flows. 4. Calculate ROI and make a recommendation. Activity list: Estimate increase in new revenue. Identify project team members. Describe the next element of business strategy to be implemented. Calculate NPV. Determine boundaries of possible project. Estimate high level project costs. Estimate detailed project costs. Estimate approximate total project timeline. Identify business compliance issue requiring a project to solve. Define project technical or business approach. Recommend selection between project options. Create Project Charter. Estimate implementation costs. Calculate project payback. Conduct project stakeholder analysis.