Explanation
A cost-benefits justification is a term that matches management's request to include the projected costs and benefits to be realized and how those and benefits will be assessed and evaluated in the business case. A cost-benefits justification is a process that compares the costs of implementing a project or a solution with the benefits that it will generate, both in monetary terms. It helps to determine the feasibility, profitability, and return on investment of the project or solution, and to support the decision-making process. A cost-benefits justification also includes the methods and criteria for measuring and evaluating the costs and benefits, such as net present value, internal rate of return, payback period, or cost-benefit ratio12. References:
Cost-Benefit Analysis: A Quick Guide with Examples and Templates
Cost-Benefit Analysis: What It Is & How to Do It