CBA

Cost benefit analysis is something like a SWOT analysis; looking into all the positive and negative aspects of the situation that is being considered for the CBA. It is done with the objective of improving the financial operations of the organization, and obviously aiming at maximizing benefits. It aims at reducing expenditures which are turning out to be or can turn out to be a liability.

· A Cost benefit analysis can help us to decide if a project will be economically feasible.

· We can decide and rank which expenditures are to be given priority.

Cost benefit analysis provides an in-depth view of all the costs associated with a particular operation, the trick is to look into the costs which are often overlooked.

CBA is the justification of the costs by stating benefits.