How do you do a cost-benefit analysis for a project?
How do you do a cost-benefit analysis for a project? How to Conduct a Cost-Benefit AnalysisEstablish 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. What are the benefits of project analysis? There are two main purposes for using a cost-benefit analysis for a project: To determine if the project is valid, justifiable and feasible, verifying if its benefits exceed the costs. It offers a reference base for comparing projects by determining which project benefits are greater than...