Cost Benefit Analysis and How to Perform One

Begin Learning Cyber Security for FREE Now!

FREE REGISTRATION
Already a Member Login Here

What is Cost Benefit Analysis and what is the process involved in performing one?


Cost-benefit analysis is a process by which business decisions are examined. It is used to calculate and total up the equivalent money value of the benefits and costs to the community of projects to determine if they are worthy pursuits. Cost benefit analysis refers both to:

  • Helping to appraise, or assess, the case for a project, program, or policy proposal;
  • An approach to making economic decisions of any kind.

Under both definitions, the process involves, either overtly or implicitly, weighing the total anticipated costs against the total expected benefits of one or more actions in order to narrow down the best or most profitable option. The formal process is often referred to as either CBA (Cost-Benefit Analysis) or BCA (Benefit-Cost Analysis).

Here are the steps involved in a generic cost-benefit analysis process:

View Topics

Our Revolution

We believe Cyber Security training should be free, for everyone, FOREVER. Everyone, everywhere, deserves the OPPORTUNITY to learn, begin and grow a career in this fascinating field. Therefore, Cybrary is a free community where people, companies and training come together to give everyone the ability to collaborate in an open source way that is revolutionizing the cyber security educational experience.

Cybrary On The Go

Get the Cybrary app for Android for online and offline viewing of our lessons.

Get it on Google Play
 

Support Cybrary

Donate Here to Get This Month's Donor Badge

 
Skip to toolbar

We recommend always using caution when following any link

Are you sure you want to continue?

Continue
Cancel