Increase in profits caused by anew system. Select the best fit for this answer ___________________.
Increase in profits caused by anew system. Select the best fit for this answer ___________________.
The correct option is A Cost/benefit analysis
Increase in profits caused by anew system.
Cost/benefit analysis is the best fit for this answer
Cost-benefit analysis (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 cost or benefit associated with the programme. As a technique, it is
used most often at the start of a programme or project when different options
or courses of action are being appraised and compared, as an option for
choosing the best approach. It can also be used, however, to evaluate the
overall impact of a programme in quantifiable and monetised terms.
As a technique, it is used most often at the start
of a programme or project when different options or courses of action are being
appraised and compared, as an option for choosing the best approach. It can
also be used, however, to evaluate the overall impact of a programme in quantifiable
and monetised terms.
CBA adds up the total costs of a programme or
activity and compares it against its total benefits. The technique assumes that
a monetary value can be placed on all the costs and benefits of a programme,
including tangible and intangible returns to other people and organisations in
addition to those immediately impacted. As such, a major advantage of
cost-benefit analysis lies in forcing people to explicitly and systematically
consider the various factors which should influence strategic choice.
Increase in profits caused by anew system. Cost/benefit analysis is the best fit for this answer
Cost-benefit analysis (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 cost or benefit associated with the programme. As a technique, it is used most often at the start of a programme or project when different options or courses of action are being appraised and compared, as an option for choosing the best approach. It can also be used, however, to evaluate the overall impact of a programme in quantifiable and monetised terms.
As a technique, it is used most often at the start of a programme or project when different options or courses of action are being appraised and compared, as an option for choosing the best approach. It can also be used, however, to evaluate the overall impact of a programme in quantifiable and monetised terms.
CBA adds up the total costs of a programme or activity and compares it against its total benefits. The technique assumes that a monetary value can be placed on all the costs and benefits of a programme, including tangible and intangible returns to other people and organisations in addition to those immediately impacted. As such, a major advantage of cost-benefit analysis lies in forcing people to explicitly and systematically consider the various factors which should influence strategic choice.
