HR Glossary

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 cost-effective of resources or not.

what-is-cost-benefit-analysis

What is a cost-benefit analysis: Definition

Cost-benefit analysis is a useful method to measure the costs associated with a specific program, project, or benefit.

When should you use a cost-benefit analysis?

It is used in order to determine if the proposed action is cost-effective of resources or not. Cost-benefit analysis is typically used for decisions that are not mission-critical.

Evaluating the cost-benefit analysis

The results of 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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