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Cost/benefit model

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Definition Edit

A cost/benefit model is quantifiable costs plus quantifiable benefits adjusted for the risks equals value. Generally an attempt is made to quantify every benefit and cost for inclusion in the financial analysis, even the so-called intangible or "soft" costs and benefits.

Overview Edit

The reason it is important to quantify everything possible is this: If no financial value is assigned to an agreed cost or benefit, that impact contributes exactly nothing to the financial analysis.

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