Question

Give an example of cost-benefit analysis. What is the most appropr iate stage for do ing t his e xerc ise in a projects life c yc le?

Answer 1

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⭐Cost Benefit Analysis. Cost-benefitanalysis (CBA) is a technique used to compare the total costs of a programme/project with its benefits, using a common metric (most commonly monetary units). This enables the calculation of the net costor benefit associated with the programme.⭐

Answer 2

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➡️ Cost–benefit analysis, sometimes called benefit costs analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives. It is used to determine options which provide the best approach to achieving benefits while preserving savings.

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