Transcription of Cost-Benefit Analysis - PDI 2016
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Cost-Benefit Analysis - PDI 2016
Cost-Benefit Analysis Rick Hurley 2 June 2016. PDI Orlando, FL. Definition of Cost-Benefit Analysis (CBA). A structured methodology of forecasting and comparing the anticipated costs and benefits of alternative courses of action in order to identify the most effective manner of achieving a stated goal or objective Purposes of CBA. 1. To determine if a policy or investment decision is feasible ( , do the associated net benefits exceed the associated net costs of a policy or investment decision?). 2. To provide a basis for comparing projects. It involves comparing the total expected cost of each option against the total expected benefits to see whether the benefits outweigh the costs and by how much. Source: Army CBA Guide and OMB A-94. Characteristics of Cost-Benefit Analysis Decision support tool (informs, but does not decide). Predicts effects of actions under consideration for: Addressing a problem or challenge Pursuing an opportunity Quantifies financial impacts and business benefits ( , cost savings, performance improvements).
Definition of Cost-Benefit Analysis (CBA) A structured methodology of forecasting and comparing the anticipated costs and benefits of alternative courses of action in order to identify the
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