Cost Benefit Analysis Process
- Created by: TessAni
- Created on: 20-01-13 12:28
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- Cost Benefit Analysis
- Indentification
- Enumeration
- Forecasting
- Net Present Value
- The net benefit to cost ratio and any other factors that can help determine whether the project is worthwhile
- Assessing the costs and benefits but over the length of its 'life'
- Net Present Value
- Measurement of the costs and benefits
- Places a monetary value
- Shadow price - a relative price that is proportional to the opportunity cost for the economy
- Places a monetary value
- Forecasting
- Provides the framework of the analysis
- Difficult to know where to 'draw the line'
- Enumeration
- A technique for assessing the viability of a project, taking into account all of the effects over time
- Indentification
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