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  • Digg it UP - Project Management – How To Do Cost Benefit Analysis – To Go Ahead Or Not?

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    simple and widely used technique for deciding whether to make a change or to go
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    With each project we have a desired end point, a definition of success. We spend time, and energy, creating solutions and plans to solve a problem or get to a desired end point; however we may not go ahead with plans because they are not simply financially viable or just too expensive.

    Cost Benefit Analysis is a simple and widely used technique for deciding whether to make a change or to go

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    time, and energy, creating solutions and plans to solve a problem or get to a desired end point; however we may not go ahead with plans because they are not simply financially viable or just too expensive.

    Cost Benefit Analysis is a simple and widely used technique for deciding whether to make a change or to go

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    simple and widely used technique for deciding whether to make a change or to go ahead with a project.

    As the name suggests, simply add up the value of the benefits of a course of action, and subtract all the costs associated with it. This calculation may be dollar focussed or undertaken on a more qualitative variation.

    Costs are either one-off, i.e. a single expense, or may be incurred

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