The business case, often introduced to the board or investors at a presentation meeting, should be embodied in a formal report document or presentation file because it will be needed not only when case is first considered, but also frequently for future reference. In a large group there might be scores of proposals coming from several different companies. Different IT managers will have their own ideas about how to set out their proposals and about the relative benefits that their ideas would bring to their companies and the group. After Pamela has filtered out obvious non-runners there might still be a total of 20 new project proposals for submission to the group board. An important prerequisite for preparation of any business case is to define and quantify the objectives and scope of proposed project. A project scope statement sets out portion or portions of the project that the company wishes to undertake and for which it is to be responsible.