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What is cost-benefit analysis?

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تم إضافة السؤال من قبل HANNA SABA , Team Leader (Administrative Support), including translation, editing, and writing , Deloitte
تاريخ النشر: 2013/12/14
Rehan Qureshi
من قبل Rehan Qureshi , Financial Consultant , Self Employeed

Definition of 'Cost-Benefit Analysis'

A process by which business decisions are analyzed. The benefits of a given situation or business-related action are summed and then the costs associated with taking that action are subtracted. Some consultants or analysts also build the model to put a dollar value on intangible items, such as the benefits and costs associated with living in a certain town. Most analysts will also factor opportunity cost into such equations.

Prior to erecting a new plant or taking on a new project, prudent managers will conduct a cost-benefit analysis as a means of evaluating all of the potential costs and revenues that may be generated if the project is completed. The outcome of the analysis will determine whether the project is financially feasible, or if another project should be pursued.

Farhad Ali
من قبل Farhad Ali , Accountant , AL Aaly holding

mean compare the cost of any project with the profited genrated from that project....and ensure that profit exceed cost..which will be a selection criteria...

mohamed sabeen
من قبل mohamed sabeen , QHSE Manager , Novus catering service

Start with deciding what technology you wish to analyze. Say a new smart-phone. What does it cost to buy and own monthly? What benefits do you gain from having it and what are they worth to you?

mukkur srinivasan varadhan
من قبل mukkur srinivasan varadhan , Chartered Accountant , Chartered Accountant in practice

Cost-benefit  analysis is a business decision-making process by which the benefit that  will be derived while taking/not taking the decision is compared to the costs to be incurred correspondingly to derive that benefit and decision is taken to proceed or not based on the net result.The cost and benefit may be monetary or non monetary.

Khaled Abdelrehim ACCA DipIFR CMA
من قبل Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

The comparison between the cost of something and the estimated return to be able to take the correct decision.

Mohammad Tohamy Hussein Hussein
من قبل Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

Determining the return on a given investment for a specific period of time. Expected revenue (this may include fainancial and non-fainancial measured in fainancial terms) - total cost = benefit.

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