Cost-Benefit Analysis

Summary

Comparing the expected costs of an initiative against its expected benefits to determine if it's worth pursuing — a foundational skill for justifying (or rejecting) a proposed project.

• 1Build a simple cost-benefit analysis for a hypothetical process improvement idea.
• 2Learn to include both direct costs (implementation) and indirect costs (training, disruption).
• 3Practice presenting a cost-benefit case with clear, defensible assumptions.