Typically an option analysis is a strategic report that provides quantitative and qualitative details of each option, associate risk factors and assesses impact in the current system for project stakeholders. The findings can be used as an input to complete/adjust Enterprise Architecture future state system definitions.

1. Option Analysis Process
For details about this process, please contact me at my Twitter account @BPArchitect. Elaborated by BPArchitect. 2011
Provide
Describe link with Define Project
Background Define Outcomes Define Project List Related
Department Constraints,
And current & Benefits Boundaries Projects
Objetives If any
situation
Provide a summary
of the business
process changes
Identify Project Describe Project
List Project Identify
Urgency, Impact
Assumptions Risks & Issues
If any (Internal/External)
Provide a summary
of the functional
requirements
For Functional Fit
Provide Strategic Fit
Option Analysis Governance and
Description Stage Regulatory
Compilance
Provide Costs
Business Analyst
Provide Benefits
Describe Risks
Describe the Recommended
options that satisfy Identify Resources
Option Plan Next Stage Provide Schedule
the outcome Required
Indentification
requirements
Describe
Stakeholder
Impacts
Assumptions
List Dependencies
or
Constrains
Describe
Procurement
Identify Identify Risk Net
Estimate Cost Success Criteria
Procurement Phase