What is considered a quantifiable benefit in business analysis?

In business analysis, a quantifiable benefit is typically a measurable outcome that can be expressed in numerical terms, allowing for clear assessment of its impact on the organization. The correct choice highlights "time saved by reducing errors in claims entry" as it provides a specific, measurable benefit that can be calculated and compared directly to other metrics.

For instance, if the elimination of errors leads to a significant decrease in the time spent correcting those errors, it becomes possible to quantify this saving in terms of hours or costs. Thus, this benefit can be directly linked to operational efficiency and improved productivity, which are critical elements for evaluating the success of a business analysis initiative.

The other options, while important, do not present quantifiable benefits in the same way. Feedback from stakeholders is valuable for gathering insights but does not translate into a specific numerical advantage. Increased stakeholder engagement, while positive and impactful, is often qualitative and assessed through levels of involvement and satisfaction rather than quantifiable metrics. Documentation of requirements, though essential for project success, does not directly reflect a benefit that can be easily measured or quantified financially or operationally.