Cost-Benefit Analysis: The Basics

July 18, 2023


When making a case for a change that involves expenditure of the organization’s money, it’s a good idea to first craft a cost-benefit analysis (CBA).  Simply put, a CBA weighs the benefits of such a change against the cost, making the net results absolutely clear. This makes it far easier to justify the change to upper management, and also makes it easier for the decision-makers to commit funds to the project. If you search online, you’ll discover there are can be some very complicated math…

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