What is cost benefit analysis, Project Management

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What is Cost Benefit Analysis?

Cost Benefit Analysis:

This analysis is a mathematical technique for decision-making. This is a quantitative technique used to calculate the economic costs and the social benefits related with an exact course of action. In this case, an effort is made to know all costs and benefits, not only those which may be expressed into rupees, but also the less simply computed effects of a specified decision.

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