The main goal of the usage of the Cost-Benefit Analysis, is to reach to a conclusion on whether a project is profitable or not.
- Comparing expected or estimated costs and benefits (or opportunities) connected with a project choice in order to assess if it makes sense from a business perspective is the process of a Cost-Benefit Analysis.
- The name of the technique refers to its two components.
- It involves being aware of the price and comparing the benefit to that price.
- It determines whether a project is feasible by comparing the cost and benefit to see how much the benefit outweighs the cost.
From the above, the main goal of the Cost-Benefit Analysis is clear.
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