Download the given below cost-benefit analysis templates free from here. A cost-benefit analysis is a systematic process that helps to calculate and analyze the cost and features of a project or task. The main purpose of cost-benefit analysis is to point out the features and drawbacks of carrying out a specific project.
Most government and other business organizations use the cost-benefit analysis method to calculate the potential risks and gains of a task. Cost-benefit analysis is a very helpful tool to take many business and personal decisions. It should be prepared carefully and with full of attention. If you have no idea how to create a cost-benefit analysis, you should browse on the internet where you can find a bunch of effective tips and tools. A cost-benefit analysis template is also available to utilize after downloading. You can create an effective cost-benefit analysis for your company or organization by using such templates.
Cost-benefit analysis means comparing the cost with the revenue obtained from selling the goods to the consumer by the producer. The situation in which the cost and the revenue are equal is known as the break-even point. The cost-benefit analysis has two main purposes:
1– to determine if it is a sound investment
2-to provide a basis for comparing projects.
It involves comparing the total expected cost of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how much. It estimates the totals up to the equivalent money value of the benefits and costs to the cost of the community of projects to establish whether they are worthwhile or not. Projects such as dams and highways can be considered for cost-benefit analysis.
The benefit and cost should reflect preference revealed by the choice which has been made. For example improvement in transportation frequently involves saving time. On this page, you can find easily editable cost-benefit analysis templates that are available in Microsoft Word and Excel formats.