Explanation
The business analyst (BA) must define solution approaches to achieve the goal of developing a financial report that can be published and distributed to multiple end users within a specific time frame and within cost. According to the BABOK Guide, a solution approach is "a description of the recommended options for delivering value to stakeholders, including the justification for choosing those options over others" 1. By defining solution approaches, the BA can evaluate the feasibility, benefits, risks, and impacts of different options and select the most suitable one for the project. Reviewing the project budget, revising business requirements, and updating the project schedule are important tasks, but they are not sufficient to achieve the goal without defining solution approaches first. References: 1: BABOK Guide, Version 3, Section 4.2 Define Solution Approach