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Certificate of Need Instructions for MOBILE HOST SITE Michigan Department of Community HealthCERTIFICATE OF NEED Lewis Class Building 320 S. Walnut St. Lansing, Michigan 48913 (517) 2413343 or 44
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The benefit-cost system is used to assess the feasibility and value of a project or program by comparing the benefits it will generate to the costs it will incur.
Government agencies, private companies, and organizations that are undertaking projects or programs that may have significant economic impacts.
To fill out a benefit-cost system, one must gather data on both the costs and benefits of the project or program, conduct an analysis to quantify these factors, and then compare them to determine the overall value.
The purpose of a benefit-cost system is to provide a systematic way to evaluate the economic viability and desirability of projects or programs.
Information such as costs, benefits, discount rates, assumptions, and methodologies used in the analysis must be reported on a benefit-cost system.
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