What is the core benefit analysis?
A core benefit analysis is a procedure by which companies can examine:
- decisions,
- systems
- or projects,
or determine a value for non-physical assets.
The analysis is built by recognizing the benefits of the activities as well as the associated costs and taking away the costs from benefits.
- When this is completed a cost-benefit analysis will relent solid results to be used to improve reasonable conclusions about the feasibility and/or advisability of a decision or circumstance.
- Companies may use cost-benefit analysis to maintain their decision making as it gives an evidence-based decision of the situation being evaluated.
