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…
Component of Cost-Benefit Analysis
Components of CBA · Direct Costs Direct costs are a fundamental component of Cost-Benefit Analysis (CBA) and refer to the expenses that can be directly attributed to the implementation of…
Objectives of Cost-Benefit Analysis
Cost-benefit Analysis A Cost-Benefit Analysis is a method of evaluating a project by comparing the expected costs with the anticipated benefits to determine whether it is financially and socially worthwhile.…
Types of Feasibility Analysis
Types of Feasibility Analysis · Technical Feasibility Technical feasibility is a type of feasibility analysis that focuses on evaluating whether the proposed project is technically achievable with the available technology,…
Objectives of Feasibility Study
Feasibility Study A feasibility study is a systematic analysis conducted to determine the likelihood of a project’s success. It explores whether a project is technically doable, economically viable, legally permissible,…