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This bulletin has been independently peer reviewed.CRIME AND JUSTICE BULLETIN NUMBER 266 | SEPTEMBER 2024The costs and benefits of the Magistrates Early Referral into Treatment (MERIT) program Sara
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01
Identify the project or decision to analyze.
02
List all the costs associated with the project, including direct and indirect expenses.
03
Estimate the benefits expected from the project, detailing both tangible and intangible benefits.
04
Assign monetary values to all costs and benefits where possible.
05
Calculate the net benefit by subtracting total costs from total benefits.
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Assess the payback period if applicable, determining how long it will take to recoup the costs.
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Conduct a sensitivity analysis to see how changes in costs and benefits affect the overall outcome.
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Compile the results into a clear and concise report for stakeholders.

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A cost-benefit analysis form is a tool used to evaluate the potential costs and benefits associated with a particular project or decision to determine its feasibility and desirability.
Entities such as businesses, government agencies, and organizations undertaking projects that require funding or approval are generally required to file a cost-benefit analysis form.
To fill out a cost-benefit analysis form, start by listing all potential costs and benefits, assign monetary values to each where possible, calculate the net benefits by subtracting total costs from total benefits, and summarize your findings.
The purpose of a cost-benefit analysis form is to provide a systematic approach to evaluating the economic advantages and disadvantages of a proposed project, aiding decision-makers in making informed choices.
Necessary information includes a detailed list of costs and benefits, estimated monetary values, assumptions made during the analysis, and a conclusion on the project's overall viability.
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