BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Project formulation.
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Project evaluation.
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Project appraisal .
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Project Design.
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Detailed explanation-1: -Project Appraisal is an analysis of the costs and benefits of a proposed project to assume a rational allocation of limited funds.
Detailed explanation-2: -Cost-benefit analysis (CBA) is a process or tool to support decision making in projects. CBA evaluates the cost versus the benefit of a project to determine project feasibility as well as provide a decision making metric when weighing up multiple options.
Detailed explanation-3: -What is a project cost analysis? A project cost analysis is a process that professionals can use to determine the value of a project’s costs and benefits, which highlights if a project is feasible.
Detailed explanation-4: -Cost-benefit analysis allows an individual or organization to evaluate a decision or potential project free of biases. As such, it offers an agnostic and evidence-based evaluation of your options, which can help your business become more data-driven and logical.