Which of the following topics should always be included in any change option presented to the Sponsor?

Including a list of possible risks in any change option presented to the Sponsor is essential because understanding the risks associated with a particular change initiative enables informed decision-making. The Sponsor is responsible for providing support and resources for the change, and they must be aware of potential challenges that could arise during implementation.

Identifying and discussing risks not only helps in preparing mitigation strategies but also aligns expectations among stakeholders. This transparency builds trust and confidence in the change initiative, as it demonstrates a thorough assessment of both the opportunities and potential hurdles.

While the other topics such as estimated costs, estimated benefits, and possible business strategies are also important, they do not inherently provide the crucial perspective required to address uncertainties that may derail a change initiative. Without a full understanding of risks, the decision-making process could become skewed, leading to poorly informed actions that may jeopardize the overall success of the project.