Provide a brief system overview description as a point of reference for the remainder of the document. Cost benefit analysis cba refers to a mathematical approach that helps in the comparison of the cost and expected benefits of two or more options or projects. Download this excel template and use it to develop a cost benefit analysis to help support your project. A cost benefit analysis is used to evaluate the total anticipated cost of a project compared to the total expected benefits in order to determine whether the proposed implementation is worthwhile for a company or project team. The first page of the template is completed as a sample project. Cost benefit analysis example and steps cba example. This analysis template enables you to make an assessment of the benefit you have derived from the costs you have incurred on a particular project.
Cost benefit analysis is a decisionmaking tool widely used in economics. At the end of the semester, each student should be able to undertake a real cost benefit analysis project and the ability to determine whether someone elses cost benefit analysis is done well or poorly. Cost benefit analysis also known as benefit cost analysis is a mathematical approach to compare the costs and expected benefits of two or more projects or options. Wim heijman wageningen university february 2011 this publication is part of the project public engagement with research and research engagement with society perares financed by the european communitys seventh framework programme. Therefore, it helps an individual or an organization to determine which potential decision can make the most financial sense when it comes to investment.
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