answersLogoWhite

0

The evaluation of potential problems compared to the expected advantages is called cost-benefit analysis. This is a scientific method that analyzes the potential risks of a situation to see if they will outweigh the benefits. The process can be used for many areas of business, including technology.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What is the cost vs benefit analysis of implementing this new technology in our business?

The cost vs benefit analysis of implementing this new technology in our business involves evaluating the expenses of adopting the technology against the potential gains and improvements it can bring to our operations and profitability. It is important to weigh the upfront costs, ongoing expenses, and potential risks against the expected benefits such as increased efficiency, productivity, and competitive advantage. This analysis helps determine if the investment in the new technology is financially viable and strategically beneficial for our business.


The process of analyzing a design problem and finding a way to fix it is called what?

The process of analyzing a design problem and finding a way to fix it is called trouble shooting. The process of evaluating the possible problems of a technology compared to the expected advantages is the risk benefit analysis.


One skill that's generally expected of technology workers is?

Keyboarding


How does improved technology creates a higher standard of living for future generations?

Technology improves access to a lot of other goods and services. This increased access leads to a higher standard of what is expected in a home or expected to create a lifestyle.


How does improved technology help create a higher standard of living for future generations?

Technology improves access to a lot of other goods and services. This increased access leads to a higher standard of what is expected in a home or expected to create a lifestyle.


Is it possible for a plane to trasfomer in to a submarin?

No. Such technology does not yet exist, and is not to be expected in the foreseeable future.


How is dating compared to before than now?

Dating is not assumed or expected to lead to marriage these days


When will the new smart technology be released for garage door openers?

The new smart technology for garage door openers is expected to be released in the next few months.


What is the expected growth of the technology information field and how is that reflected in expected salary growth?

Information technology is the number one field in terms of expected job growth. That makes systems engineers among the most highly sought after professionals today. The average salary for a systems engineer is 87k and the career field is expected to grow over the next 10 years. To become a systems engineer, you need a bachelors degree in engineering.


Information technology careers are on the rise true or false?

True. Information technology careers are in high demand due to the increasing reliance on technology across various industries. Job opportunities in IT are expected to continue growing as technology continues to advance.


What is expected cut off at DJ Sanghvi for direct second year admission in information technology?

85%


What is a probe scienific?

Probes are used to test what is actually hapening compared to what is expected to hapen. That is why probe is scientific