Comment on the Cost-benifit analysis is tool to understand the development.
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cost benefit analysis is the foundation of the decision-making process across a wide variety of disciplines. In business, government, finance, and even the nonprofit world, cost benefit analysis offers unique and valuable insight when:
Developing benchmarks for comparing projects
Deciding whether to pursue a proposed project
Evaluating new hires
Weighing investment opportunities
Measuring social benefits
Appraising the desirability of suggested policies
Assessing change initiatives
Quantifying effects on stakeholders and participants.
“The best cost-benefit analyses take a broad view of costs and benefits, including indirect and longer-term effects, reflecting the interests of all stakeholders who will be affected by the program.”
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