Cost-benefit analysis: An evaluation of the anticipated losses that could be avoided from a control effort (benefit), compared to the anticipated costs needed to implement the control is called cost-benefit analysis (CBA). A CBA may be used to estimate (or evaluate) the value against the cost of a decision, project, or policy or to compare potential (or completed) courses of actions. It is commonly used in business or policy decisions (particularly public policy), commercial transactions, and project investments. Cost–benefit analysis is often used by organizations to appraise the given policy’s desirability. It is an analysis of the expected balance of costs and benefits.

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Is the role of the project sponsor consistent across the SDLC?

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Chapter 7, Problem 18RQ

Program Plan Intro

Cost-benefit analysis:

An evaluation of the anticipated losses that could be avoided from a control effort (benefit), compared to the anticipated costs needed to implement the control is called cost-benefit analysis (CBA).

A CBA may be used to estimate (or evaluate) the value against the cost of a decision, project, or policy or to compare potential (or completed) courses of actions. It is commonly used in business or policy decisions (particularly public policy), commercial transactions, and project investments.

Cost–benefit analysis is often used by organizations to appraise the given policy’s desirability. It is an analysis of the expected balance of costs and benefits.

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