Which document assesses costs and benefits of a proposed solution?

The business case is a critical document that evaluates the costs and benefits associated with a proposed solution. It serves as a justification for the investment of resources into a project by clearly outlining the expected return on investment, addressing both qualitative and quantitative factors. This document typically includes an analysis of the projected costs, benefits, potential risks, and the overall value the proposed solution brings to the organization. It plays a vital role in decision-making, as stakeholders rely on it to understand the implications of moving forward with a project and how it aligns with business objectives.

In contrast, backlog management focuses on prioritizing and managing tasks or features in an agile project environment, while functional decomposition breaks down complex processes into simpler components. Estimation involves predicting the time and resources required for tasks but does not inherently assess the financial viability or impacts of a solution. Therefore, the business case stands out as the document specifically designed to scrutinize the financial aspects and strategic value of a proposed initiative.