Get premium membership and access questions with answers, video lessons as well as revision papers.

What is cost benefit analysis with respect to project management?

      

What is cost benefit analysis with respect to project management?

  

Answers


Faith
-Cost benefit analysis is the weighing scale approach to demonstrate all the pluses (cash inflows and other intangible benefits)are put on one side and all the minuses (casts and disadvantages) are put on the other side of the scale whichever is heavier wins
-Cost benefit analysis is a tool for judging efficiency especially in the public sector.
Because of many failures and wastage in this past, most institutions including civil society and development partners insist that he public projects needed currently by society should be executed by abandoning less useful projects.

Titany answered the question on November 15, 2021 at 08:02


Next: What is project selection?
Previous: Uses of cost benefit analysis with respect to project management

View More Project Management Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions