Cost-benefit Analysis
Cost-benefit Analysis (CBA) enables team leaders, managers, and project practitioners to understand the concept of cost-benefit analysis including the systematic process for calculating and comparing benefits and costs of a project.
Technique Overview
Cost-benefit Analysis Definition
Cost-benefit Analysis (CBA) is an approach to evaluating projects or policies by estimating their overall costs and benefits (or opportunities) in monetary terms. This method helps determine the viability of an activity enabling decision-makers to assess whether to proceed or consider alternative options (Barnett, 1985).
Cost-benefit Analysis Description *
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Business Evidence
Strengths, weaknesses and examples of Cost-benefit Analysis *
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Business Application
Implementation, success factors and measures of Cost-benefit Analysis *
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Professional Tools
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Further Reading
Cost-benefit Analysis web and print resources *
Cost-benefit Analysis references (4 of up to 20) *
- Boardman, A. E., Greenberg, D. H., Vining, A. R., & Weimer, D. L. (2018). Cost-benefit Analysis: Concepts and Practice. Cambridge University Press.
- Ackerman, F., & Heinzerling, L. (2004). Priceless: On Knowing the Price of Everything and the Value of Nothing. The New Press.
- Pearce, D. (2006). Cost-benefit Analysis and Environmental Policy. Oxford Review of Economic Policy, 22(1), 114-132.
- Harvard Business School Online. (2020, October 13). What Is Cost-benefit Analysis and How Is It Used in Business? Retrieved from https://online.hbs.edu/blog/post/cost-benefit-analysis
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