How to Make Decisions: How to Do a Cost Benefit Analysis In 3 Easy Steps
Money makes the world go around, and decision making is no exception. Cost Benefit Analysis does exactly what it says; you analyse costs and benefits and make a decision accordingly. Learn how to do a cost benefit analysis in these 3 easy steps.
A word of warning; cost benefit analysis is not an exact science.
There is an element of guesswork and subjectivity which can never
be erased. It is your job to use your skills and experience to make
your best decision with the information you have at the time. Consider
the alternatives - running a project with no idea of the financial
impact or worse still, suffering from "analysis paralysis" and never
getting anything off the ground due to fear of "what if's" or getting
Citation Information: Swinton, Lyndsay. "How to Make Decisions: How to Do a Cost Benefit Analysis In 3 Easy Steps." Mftrou.com. 10 July 2007. < http://www.mftrou.com/cost-benefit-analysis.html >.blog comments powered by Disqus
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