Sensation
Definition of Sensation Sensation is defined as the process through which sensory receptors and the nervous system receive and detect stimuli from the environment, converting them into neural signals that…
Major Theoretical Orientations of Psychology
Major Theoretical Orientations of Psychology Psychoanalytic Perspective The psychoanalytic perspective is one of the earliest and most influential theoretical orientations in psychology, founded by Sigmund Freud. This perspective focuses on…
Project life cycle
Project life cycle The project life cycle is a structured framework that outlines the phases a project goes through from Conceptual to Closure. It serves as a roadmap that guides…
Analysis Techniques in CBA
Analysis Techniques in CBA · Net Present Value (NPV) Net Present Value (NPV) is a key analysis technique used in Cost-Benefit Analysis (CBA) to evaluate the financial feasibility of a…
Steps in Cost-Benefit Analysis
Step 1: Identify Costs Identifying costs is a crucial first step in the Cost-Benefit Analysis (CBA) process, as it helps establish a clear understanding of the financial and non-financial resources…