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Issue 17: The Cost-Benefit Analysis Simplified

May 05, 20241 min read

Issue 17: The Cost-Benefit Analysis Simplified

"Measure what is measurable, and make measurable what is not so."

-Galileo Galilei

Welcome to our our seventeenth edition!

This issue breaks down the Cost-Benefit Analysis, a simple financial decision-making framework for comparing the costs and benefits of a decision, project, or policy. It's particularly helpful when there's not a clear "go ahead" for the project or decision in question.

5-MINUTE STRATEGY

  • List all the costs associated with a decision or project.

  • List all the benefits you expect from it.

  • Assign a monetary value to each cost and benefit, even if it's intangible. 

  • Subtract the total costs from the total benefits to determine net gain or loss.

Why this matters: Cost-Benefit Analysis provides a straightforward method for evaluating decisions in terms of financial impact, helping ensure you use your time, effort, and budget effectively.

Next week's preview

Next week, we revisit a timeless decision-making tool: the Pros and Cons List. Discover how this simple yet effective framework can help you assess the benefits and drawbacks of any decision, leading to clearer, more confident choices.

Until then,

Asia

If this newsletter was forwarded to you by a kind-hearted do-gooder, sign up for your own free 5-minute dose of weekly career and leadership strategy at Bridgewellpro.com/ss

Cost-Benefit AnalysisFinancial decision-makingDecision-making frameworkCompare costs and benefitsFinancial impactBudget effectivenessNet gain or lossAssigning monetary valueStrategy for evaluating decisionsAssessing benefits and drawbacks
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Asia Bribiesca-Hedin

Asia Bribiesca-Hedin, MBA, MPA, CPC, CPCC, Principal Coach and CEO of Bridgewell LLC Professional Services

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Strategic ERG Insights

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Issue 17: The Cost-Benefit Analysis Simplified

May 05, 20241 min read

Issue 17: The Cost-Benefit Analysis Simplified

"Measure what is measurable, and make measurable what is not so."

-Galileo Galilei

Welcome to our our seventeenth edition!

This issue breaks down the Cost-Benefit Analysis, a simple financial decision-making framework for comparing the costs and benefits of a decision, project, or policy. It's particularly helpful when there's not a clear "go ahead" for the project or decision in question.

5-MINUTE STRATEGY

  • List all the costs associated with a decision or project.

  • List all the benefits you expect from it.

  • Assign a monetary value to each cost and benefit, even if it's intangible. 

  • Subtract the total costs from the total benefits to determine net gain or loss.

Why this matters: Cost-Benefit Analysis provides a straightforward method for evaluating decisions in terms of financial impact, helping ensure you use your time, effort, and budget effectively.

Next week's preview

Next week, we revisit a timeless decision-making tool: the Pros and Cons List. Discover how this simple yet effective framework can help you assess the benefits and drawbacks of any decision, leading to clearer, more confident choices.

Until then,

Asia

If this newsletter was forwarded to you by a kind-hearted do-gooder, sign up for your own free 5-minute dose of weekly career and leadership strategy at Bridgewellpro.com/ss

Cost-Benefit AnalysisFinancial decision-makingDecision-making frameworkCompare costs and benefitsFinancial impactBudget effectivenessNet gain or lossAssigning monetary valueStrategy for evaluating decisionsAssessing benefits and drawbacks
blog author image

Asia Bribiesca-Hedin

Asia Bribiesca-Hedin, MBA, MPA, CPC, CPCC, Principal Coach and CEO of Bridgewell LLC Professional Services

Back to Blog

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