Five key benefits of Cost Benefit Analysis (CBA):
- Informed Decision Making
- Resource Optimization
- Risk Assessment and Management
- Transparency and Accountability
- Long-Term Planning and Sustainability
Description
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Cost Benefit Analysis serves as a valuable tool for decision-makers seeking to optimize resource allocation, manage risk, enhance transparency, and promote long-term sustainability. By systematically evaluating the costs and benefits of different alternatives, organizations can make informed choices that maximize value and contribute to overall success and prosperity.
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