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Cost-benefit analysis is a useful method to measure the costs associated with a specific program, project, or benefit in order to determine if the action is costeffective of resources or not.
Cost-benefit analysis
Cost-benefit analysis is a useful method to measure the costs associated with a specific program, project, or benefit in order to determine if the action is costeffective of resources or not. Cost-benefit analysis is typically used for decisions that are not mission-critical.
The results of a cost-benefit analysis are presented as a Payback period, which is the time it takes for the value of the benefits to outweigh the costs.
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