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'
        • 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
      • Provides the framework of the analysis
        • Difficult to know where to 'draw the line'
    • A technique for assessing the viability of a project, taking into account all of the effects over time


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