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U.S. Department ofCommerceNational Bureau ofStandardsComputer Science and Technology NBSPUBLICATIONSAlllOO Tfl7SS3Special Publication 50084Costs and Benefits of Database Management: Federal ExperienceNATIONAL
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Costs and benefits analysis is a method used to evaluate the potential benefits and costs of a project or decision.
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Depending on the context, costs and benefits analysis may be required by government agencies, organizations, or businesses.
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To fill out a costs and benefits analysis, one must first identify all potential costs and benefits associated with the project or decision. Then, these costs and benefits must be quantified and compared to determine the overall value.
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The purpose of costs and benefits analysis is to help decision-makers make informed choices by weighing the pros and cons of a particular course of action.
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Information such as financial costs, time savings, environmental impacts, and other relevant factors must be reported on costs and benefits analysis.
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