Master Agile Business Analysis 2025 – Sprint to Success with Our Energetic Practice Test!

The Terms of Reference (TOR) serves as a foundational document that outlines the scope, objectives, and overall framework for a project or initiative. Its primary purpose is to guide the project by establishing a clear understanding of what is to be achieved and the context within which the work will occur.

An undeveloped Business Case is an important component related to the initial feasibility and justification for a project. While the TOR itself may not encompass a fully fleshed-out business case, it often includes elements that indicate the rationale for the project's initiation and the expected outcomes. This establishes a baseline for further development and refinement, ensuring that stakeholders have a common understanding of the project's objectives and context.

In contrast, a detailed project schedule falls outside the typical scope of the TOR, as it is more focused on the execution phase, which happens after the TOR has been established. Budget details and team member qualifications also typically follow the initial agreement defined within the TOR. Hence, while the TOR does not include a comprehensive business case, referencing it indicates that foundational elements and strategic context are addressed in the early stages of project definition.