Relationships Related Term:  strategic information management n. ~ A methodology to evaluate different actions, methods, or strategies by estimating the ratio of all expenses to benefits, both tangibl [..]

Cost/Benefit Analysis is a technique for deciding whether to make a change. As its name suggests, it compares the values of all benefits from the action under consideration and the costs associated wi [..]

A quantitative procedure that assesses the desirability of a project by taking a view of avoided future damages compared to the cost of a project. The outcome of the analysis is a cost-benefit ratio, which demonstrates whether the net present value of benefits exceeds the net present value of costs.

The ability to measure the costs associated with a specific program, project, or benefit. The cost is then compared to the total benefit or value derived.

An assessment method that is sometimes used to compare the benefits and costs of a development proposal, such as a major infrastructure project.

An analysis, often stated as a ratio, used to evaluate a proposed course of action. [D00431]

One of the tools used to carry out an economic evaluation. The costs and benefits are measured using the same monetary units (for example, pounds sterling) to see whether the benefits exceed the costs [..]

a comparison of the cost of a new system to the benefits of its use. This helps to evaluate the value of adopting new computer equipment and also to evaluate the merits of performing usability analyse [..]

The use of economic analysis to quantify the gains and losses from a policy or program as well as their distribution across different groups in a society.

1. an evaluative process which tries to judge and compare the economic adequacy of varying programs. Prices and advantages are decreased to their fiscal worth and displayed in a cost-benefit ratio. 2. [..]

Part of the management decision-making process in which the costs and benefits of each risk reduction option are compared and the most appropriate alternative is selected.

Full analysis of public and private costs and benefits of project. costing:

Method of analyzing competing business alternatives based on comparing total costs to total benefits. A proper cost-benefit analysis takes into account all benefits, including productivity, savings, a [..]

Process to estimate the overall cost and benefit of a program or components within a program. Seeks to answer the question "Is this program or product worth its costs?" Or "Which of the options has the highest benefit/cost ratio?" This is only possible when all values can be converted into money terms.

A decision-making tool that allows a comparison of options based on the level of benefit derived and the cost to achieve the benefit from different alternatives.

Assesses whether the cost of an intervention is worth the benefit by measuring both in the same units; monetary units are usually used.

An analytical technique that compares the costs of a project or technological application to the resultant benefits, with both costs and benefits expressed by the same measure. This measure is nearly [..]

See Benefit-Cost Analysis.

Process of comparing the costs of establishing an intervention (such as a workplace education program) with the benefits (such as increased productivity, less waste or fewer errors, lower absenteeism, better communication). (PA WIN)

Assessment of the direct economic and social costs and benefits of a proposed program for the purpose of program

A method of comparing the cost of a program with its expected benefits in dollars (or other currency). The benefit-to-cost ratio is a measure of total return expected per unit of money spent. This ana [..]

Also known as benefit-cost analysis (BCA). A type of economic analysis that compares the costs and benefits of policies and programs over a long term. The hallmark of CBA is that both costs and benefits are monetized, allowing the comparison of initiatives with different purposes and outcomes. (To read more, see the Types of Economic Analysis

The systematic weighing positive consequences against negative consequences in decision making.    Last Updated:  7/9/2015   

Cost-benefit analysis is the examination of a public project and the evaluation of its total costs and benefits to all concerned.

An economic analysis that converts effects into the same monetary terms as costs and compares them.See also: Economic analysis (economic evaluation)

Converts effects into the same monetary terms as the costs and compares them.

An economic evaluation which compares costs and benefits of at least two technologies where the benefits or outcomes are measured in financial terms.

Full analysis of public and private costs and benefits of project.

An approach to public decisionmaking. Quotes below from Sugden and Williams, 1978 p. 236, with some reordering: 'Cost-benefit analysis is a 'scientific' technique, or a way of organizin [..]

An economic technique for estimating the desirability of a proposed course of action , in which the advantages and disadvantages are listed , expressed in monetary terms and the totals compared.

A comparison of all the costs and benefits associated with action undertaken for sustainable land management, against “business-as-usual” (changing no habits, practices, or systems).(ELD Initiative interim report 2013)