Definitions Edit

A cost/benefit analysis (also spelled cost-benefit analysis) is

[a]n analytic technique that compares the costs and benefits of investments, programs, or policy actions in order to determine which alternative or alternatives maximize net benefits (economic efficiency). Cost-benefit analysis attempts to consider all costs and benefits to whomever they accrue, regardless of whether they are reflected in market transactions.[1]
[d]etermination of the economic feasibility of developing a system on the basis of a comparison of the projected costs of a proposed system and the expected benefits from its operation.[2]

References Edit

  1. A Glossary of Terms Used in the Federal Budget Process, at 36-37.
  2. Auditing and Financial Management: Glossary of EDP Terminology, at 5.

Ad blocker interference detected!

Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.