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Making a decision by listing pros and cons.

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Q: Which of the following is a simple way of describing cost-benefit analysis?
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What of the following I see a simple way of describing cost benefit analysis?

making a decision by listing pros and cons. APEX ;]


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Is a simple way of describing costbenefit analysis?

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


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