You are the business analyst for your organization and your manager has asked you to prepare an analysis of each proposed solution. Your manager wants you to determine whether and how each option can provide an expected business benefit to meet the stated business need. What is your manager asking you to create?
Your manager is asking you to create a feasibility study. A feasibility study is used to assess the practicality and potential success of a proposed solution, including whether it can provide the expected business benefits to meet the stated business needs. It reviews various aspects of each option such as technical feasibility, cost, and potential impact, to determine if the solution is viable and beneficial for the organization.
Feasibility study