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The relationship between the cost of a project, and the expected economic benefit of the project. Probably the most often conscious and unconscious undertaking in business and government.
Inherently, the lesser the economic benefit, or even a "negative" benefit, as in environmental alternative energy projects, require "offsets" in the form of tax benefits, subsidies, or "mandated buy" provisions by government.
When "soft" benefits are analyzed in a project, like worker satisfaction in Cloud Commuting, some projects take a new, positive light.
In the end, however, non "social" projects, business undertakings primarily, must be considered as stand alone projects, and cost/benefit analysis is always a helpful starting point, if only to place perspective on an idea.
In the end, an undertaking may be justified on grounds other than strict cost/benefit analysis.
Hope this helps,
Barry
What else can I help you with?
What is a simple way to describing cost benefit analysis?
list the pros and cons!
Which of the following is a simple way of describing cost-benefit analysis?
Making a decision by listing pros and cons.
What of the following I see a simple way of describing cost benefit analysis?
making a decision by listing pros and cons. APEX ;]
What characterizes cost-benefit analysis?
Cost-benefit analysis is rational.
When will a cost benefit analysis be done?
when will a cost benefit analysis be done
When will a cost analysis be done?
when will a cost benefit analysis be done
The strength and weakness of social cost benefit analysis technique?
the strangth and weaknesses ofsocial cost benefit analysis
What do you understand by cost-benefit analysis and what are its uses and limitations?
What do you understand by cost analysis
What is the definition of a business cost analysis?
A cost benefit analysis is done to determine how well, or how poorly, a planned action will turn out. Although a cost benefit analysis can be used for almost anything, it is most commonly done on financial questions. Want to know whether that new machine is worth the cost? Do a cost benefit analysis. Not sure whether that proposed marketing campaign is a good idea? Do a cost benefit analysis. Worried about which health care plan to select for your employees? Do a cost benefit analysis. It's a great tool.
Consumers use cost-benefit analysis in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
Which of the following is essential part of making rational choice?
Doing cost-benefit analysis
Consumers used cost- benefit analysis in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
