Which method BEST enables an enterprise to estimate the benefits of a new Software as a Service (SaaS) application?

Monte Carlo analysis is a simulation technique used to model the probability of different outcomes in a process that cannot easily be predicted due to random variables, often used for risk assessment rather than directly for benefit estimation.

Total cost of ownership (TCO) focuses on calculating the full cost of an asset over its lifetime, which is important for investment decisions but does not directly estimate the benefits or value generated.

Expected Monetary Value (EMV) is a quantitative risk analysis technique that calculates the average outcome when the future includes scenarios that may or may not happen, by multiplying the monetary value of each possible outcome by its probability of occurrence, making it ideal for estimating potential benefits.

Heuristic methods involve practical, experience-based approaches for problem-solving, which are often quick but may not provide a rigorous or quantitative estimation of benefits.