Any new project can be a risk, but by carrying out a cost benefit analysis taking into account costs, projected revenue and other internal and external factors the risk can be reduced at an early stage, by an assessment as to the projects viability.
Cost Benefit Analysis Services (CBA)
Cost benefit analysis (CBA) is a way of estimating the strengths and weaknesses of different alternatives; this in turn will help to decide on the options which are likely to achieve the most benefits for less cost.
CBA can be used to compare completed and/or future courses of action, to estimate the benefits versus the costs of a decision, project, or policy.
CBA is most commonly used to help make major business or policy decisions, normally with regard to large projects or investments.
CBA has two main applications:
- To determine if a decision to invest or to undergo a project is sound, by establishing if and by how much the benefits outweigh the costs.
- To provide a basis for comparing the likely cost of each option with its likely benefits.
Sea International Accountants Ltd can help to consider and evaluate:
- The related costs
- The anticipated revenue
- Other related internal/external matters such as:
- Changes in legislation
- Political situation
- Economy
- Inflation
- Interest rates
- Availabilty of resources
Determine by analysis and considering all the variables as to whether the proposed investment, project or policy is an option worth considering.