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SA CLIMATE READY: A PATHWAY FOR CLIMATE ACTION & ADAPTATION JANUARY 2019 Draft for Public DiscussionOur climate is changing; adapting proactively for future conditions will ensure a prepared and resilient
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Cost-benefit analysis of key is a systematic process used to evaluate the strengths and weaknesses of alternatives in terms of their costs and benefits, to determine the most economically viable option.
Organizations and entities that are planning a project or initiative that may have significant financial implications are typically required to file a cost-benefit analysis.
To fill out a cost-benefit analysis, one should identify the costs and benefits associated with a project, quantify them in monetary terms where possible, and compare the total costs against total benefits.
The purpose of cost-benefit analysis is to enable decision-makers to choose the option that delivers the maximum net benefit to society while minimizing costs.
The information that must be reported includes estimated costs, estimated benefits, assumptions made during the assessment, and any potential risks associated with the project.
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