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2011•RePEc: Research Papers in EconomicsRequires access

The cost-benefit analysis in the management of it projects

Doina Maria Tilea

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Abstract

The cost-benefit analysis is a way of evaluating a project in terms of economic efficiency. It means comparing the total costs with the benefits expressed in financial terms, being a technical analysis which is vital for the optimal allocation of resources in order to maximize benefits. The effective use of this method involves identifying and measuring the positive and negative effects that an activity has registered, as well as the various resources used.

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The cost-benefit analysis is a way of evaluating a project in terms of economic efficiency. It means comparing the total costs with the benefits expressed in financial terms, being a technical analysis which is vital for the optimal allocation of resources in order to maximize benefits. The effective use of this method involves identifying and measuring the positive and negative effects that an activity has registered, as well as the various resources used.

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Available abstract

The cost-benefit analysis is a way of evaluating a project in terms of economic efficiency. It means comparing the total costs with the benefits expressed in financial terms, being a technical analysis which is vital for the optimal allocation of resources in order to maximize benefits. The effective use of this method involves identifying and measuring the positive and negative effects that an activity has registered, as well as the various resources used.

Key concepts: Cost–benefit analysis, Order (exchange), Risk analysis (engineering), Environmental economics, Business, Operations research, Operations management, Actuarial science

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