ECONOMICS
COST BENEFIT ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Determine the “point of view”, where costs for certain parties can be benefits for other parties
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Determine what options are there to achieve the goals that have been set
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Calculate the “future value” for each cost and benefit
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Take decisions and compile CBA reports
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Detailed explanation-1: -Build a framework. First, create a framework that lays out the goals of your analysis, your current situation, and the scope of what your analysis will include. List and categorize costs and benefits. Estimate values. Analyze costs vs. Make recommendations. 10-Nov-2022
Detailed explanation-2: -Step One: Brainstorm Costs and Benefits. Step Two: Assign a Monetary Value to the Costs. Step Three: Assign a Monetary Value to the Benefits. Step Four: Compare Costs and Benefits.
Detailed explanation-3: -Step 1: Understand the cost of maintaining the status quo. Step 2: Identify costs. Step 3: Identify benefits. Step 4: Assign a monetary value to the costs and benefits. Step 5: Create a timeline for expected costs and revenue. Step 6: Compare costs and benefits.
Detailed explanation-4: -Establish a Framework for Your Analysis. Identify Your Costs and Benefits. Assign a Dollar Amount or Value to Each Cost and Benefit. Tally the Total Value of Benefits and Costs and Compare. 05-Sept-2019