Which one of the following statements is true? A. The business case is owned by the project manager and is created during the initiation phase of the project life cycle. B. The business case is owned by the sponsor and is created during the initiation phase of the project life cycle. C. The business case is owned by the project manager and is created during the planning phase of the project life cycle. D. The business case is owned by the sponsor and is created during the planning phase of the project life cycle. E. None of the above.