Cost Benefit Analysis Template – How Does it Help?
If you are still a novice in business, chances are you will be disoriented about some stuff involving business finances. This may make you feel distressed, especially when you are not so gifted in dealing with figures. Handling finances is somewhat a complicated job for most businesspersons. So before any business decisions go out of control, one technique that you could use is the cost benefit analysis or CBA. Cost benefit analysis is simply an evaluation of a certain project proposal. It assesses whether the planned action should proceed or not. Generally, it supports any suggestion in terms of quantified items. For example, you want to purchase 10 units of photocopier. First, you have to name the amount of all the expenses. Then, you will have to analyze the benefits that the company will likely to get over time. You will write them down on a spreadsheet, and since doing so takes so much time, using a cost benefit analysis template is advisable. Like any other document templates, a
