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Calhoun: The NPS Institutional Archive
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Theses and DissertationsThesis and Dissertation Collection2000Cost and benefit analysis of alternatives to
the Naval Reserve Officer Training
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How to fill out cost and benefit analysis
01
To fill out a cost and benefit analysis, follow these steps:
02
Identify and list all the costs associated with the project or decision.
03
Identify and list all the benefits that are expected from the project or decision.
04
Assign a monetary value to each cost and benefit. This may require research or estimation.
05
Calculate the total cost and total benefit by adding up the respective monetary values.
06
Consider the time frame over which the costs and benefits will occur. Adjust the monetary values accordingly, using techniques such as discounting.
07
Compare the total cost with the total benefit. If the benefits outweigh the costs, the project or decision is considered favorable.
08
Document and present the analysis, including the supporting assumptions and reasoning behind the assigned values.
09
Review and revisit the cost and benefit analysis periodically to account for any changes or new information.
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Cost and benefit analysis is beneficial for various individuals and organizations.
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Businesses: Businesses use cost and benefit analysis to make informed decisions about investments, product development, and cost-cutting measures.
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Non-profit organizations: Non-profit organizations can use cost and benefit analysis to assess the effectiveness of their initiatives and allocate resources efficiently.
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Individuals: Individuals can employ cost and benefit analysis in personal decision-making processes, such as evaluating the financial feasibility of buying a new car or pursuing higher education.
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In general, anyone who wants to make informed decisions by considering both the costs and benefits involved can benefit from conducting a cost and benefit analysis.
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