Certified Business Analysis Professional (CBAP) Practice Test

A business case is essential in assessing the costs and benefits of a proposed project. It serves as a structured document that outlines why a project is needed, what it aims to achieve, and how it will deliver value to the organization. The business case lays out both the expected costs involved in executing the project and the anticipated benefits, which can include financial gains, improved efficiency, or risk reduction. By providing a detailed analysis of the return on investment (ROI) and justifying the expenditure based on the potential benefits, the business case enables stakeholders to make informed decisions regarding project initiation and funding.

The other options do not primarily focus on analyzing costs and benefits. A business need refers to the underlying reasons or problems that a project aims to address, but it does not provide a financial evaluation. Solution scope outlines what the project will deliver but does not assess its financial viability or justification. Meanwhile, a stakeholder list identifies who is involved in the project and their responsibilities, but it does not provide insights into project costs and benefits.