What is cost benefit analysis, Project Management

Assignment Help:

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.


Related Discussions:- What is cost benefit analysis

Project management, A project manager desires a work breakdown structure th...

A project manager desires a work breakdown structure that goes through 6 levels of detail. Level 3 through level 6 would most likely be prepared by

Risk breakdown structure for a project , Risk Breakdown Structure for a Pro...

Risk Breakdown Structure for a Project  Risk Breakdown Structure (RBS) is a hierarchical list of risks, which standardises the department's personnel resources that help in pla

What do you meant by quality circles, Question 1: a. State the purposes...

Question 1: a. State the purposes of Malcolm Baldrige Quality Award b. Compare Balridge award criteria with TQM. A Purpose of MBNQA Question 1: What do you meant by qu

Mbo process, MBO process MBO is the process of collaborative goal setti...

MBO process MBO is the process of collaborative goal setting between the manager and his or her subordinates. It assumes that goals are consistent or compatible from the highes

Process for improvement in an organization, Question: (a) The underlyin...

Question: (a) The underlying reason for benchmarking is to learn from best practices and implement them in your organization in an attempt to improve your business processes

Different stages in the negotiation process, In the face of rising costs, t...

In the face of rising costs, the senior management in PT Company has decided that significant cuts will be needed in the budgets of some of its departments. The promotional budget

Professional boundaries, An enrolled nurse has been assigned to care for a ...

An enrolled nurse has been assigned to care for a close relative who she cares for deeply who has been admitted to hospital with chest pain.  Nobody knows that this patient is rela

Project Initiation and Planning Report, Task As the project manager you ar...

Task As the project manager you are required to present an initial project report to the project sponsor that shows how you propose to implement this project. As the project manag

Evaluating the design models, o Is the design understandable? o Is the desi...

o Is the design understandable? o Is the design of appropriate complexity for the task undertaken and the skill of the developer? o Is the design consistent? o Is the design mainta

Shareholder value - measure for project management value, S hareholder val...

S hareholder value Project management initiative brings a renewed interest among the shareholders. The major investors show more interest by becoming active in the organisati

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd