A calculation comparing the costs and benefits of various alternatives to building a new project. Cost information from vendors' RFP's are included. Standard alternatives include: [1] build new system; [2] do nothing; [3] buy entire system, or [4] buy parted of the new system and build part. One to three vendor's proposals are compared with alternatives [1] and [2]. The c/b analysis is crucial to a cost-effective acquire vs. buy decision.
The process by which the value of a project is estimated based on the expected costs compared to the tangible benefits usually expressed as increased revenue, or reduced cost.
A process of examining the advantages (benefits) and disadvantages (costs) of each alternative in arriving at a decision.
A quantitative evaluation of the costs which would have incurred by implementing an environmental regulation versus the overall benefits to society of the proposed action.
A technique used to compare the various costs associated with an investment with the benefits that it proposes to return. Both tangible and intangible factors should be addressed and accounted for.
An assessment of the costs and benefits associated with a process, action, enterprise or system.
An attempt to determine the feasibility of embarking on a project by quantifying its anticipated costs and benefits.
An effort to estimate the costs that go with obtaining needed resources...and then matching those costs against the benefits that are anticipated from implementing the Action Plan involved.
A quantitative evaluation of the costs which would be incurred versus the overall benefits to society of a proposed action such as the establishment of an acceptable dose of toxic chemical.
Compares costs of training with the benefits received.