Cost-benefit analysis
A formal discipline used to help appraise, or assess, the case for a project or proposal. The process involves weighing the total expected costs against the total expected benefits of one or more actions in order to choose the best or most profitable option. The guiding principle is to list all of the potential parties affected by the project or venture and place a monetary value on the effect it will have on each.
LMC Courses cover over 150 business skills. If you are interested in learning about and acquiring a skill in
COST-BENEFIT ANALYSIS, the following courses may be of interest:
- Essential Management Accounting F69
This course will explore cutting edge management accounting techniques and how they can transform an organisation's operations and prospects. Successful application of these techniques will help organisations achieve and sustain competitive advantage.
- Financial Information Management and Reporting F05
This course explores the value of data and data analysis techniques available to an organisation to provide verifiable evidence to support strategic and operational decision-making.
- Modern Accounting F09
This workshop in modern accounting practice will help participants to develop their ideas on how they see the role of accounting developing in their organisations.