Where can I obtain information about conducting a cost-benefit analysis for an ERMS?
The cost-benefit analysis is at the heart of developing a business case for an ERMS or any information technology (IT) system. Sources of information about developing a business case and cost-benefit analysis methods include: • Office of Management and Budget (OMB) Circular A-94, dated October 29, 1992, provides general guidance for conducting cost benefit analysis for various types of projects. • The General Accounting Office Information Technology Investment Management, dated March 2004, describes the analysis of costs, benefits, and risks in the context of an overall IT management process. • The U.S. Patent and Trademark Office Economic Analysis (Technical Guideline IT-212.3-10), dated October 1, 1998, provides the framework and requirements for completing a business case and economic analysis of IT investments. • The National Institutes of Health Cost Benefit Analysis Guide for NIH IT Projects, dated May 1999, is a comprehensive guide to the subject. • The NARA Analysis of Costs an
