cost benefit analysis
Weighing pros, cons
Cost benefit analysis is a method of evaluating decisions by weighing expected costs against expected benefits, typically in monetary terms.
Governments and businesses use it to determine whether projects are worth pursuing: The cost benefit analysis showed the bridge would pay for itself within fifteen years.
Critics note that some things—environmental damage, human life—resist easy quantification.
- pros and consFavorable and unfavorable points
- breakeven pointRevenue equals total costs
- trade-offsSacrifices for gains
- efficiencyProductive without waste
- opportunity costSacrificed alternative's worth
marginal cost · investment · economics · valuation · feasibility studies · decision-making · bang for buck · bottom line · sunk cost · quantitative · risk · financial planning · assessment · metrics · cost estimation · number crunching · breakeven · optimization
- cost cuttingcost cutting, budgeting, cost reduction, budget, budget cuts
cost benefit analysisgut instinct
Immediate unreasoned knowing
gut feeling · intuition · snap judgment · impulse · hunch
cost benefit analysisinstinct
Innate behavioral tendency
reflex · knee-jerk reaction · gut reaction · sixth sense · first impression
benefit, analysis, costs, costing, costly, costliness, benefits, beneficial, beneficiary