Cost-benefit analysis

Cost-benefit analysis is an analysis which compares and quantifies the financial and non-financial costs of making a change or implementing a solution compared to the benefits gained.

Definitions

According to the BABOK Guide (3rd edition),

Cost-benefit analysis. An analysis which compares and quantifies the financial and non-financial costs of making a change or implementing a solution compared to the benefits gained.

According to the HRBoK Guide,

Cost-benefit analysis (CBA). A process of measuring business decisions. A financial review of various options to determine if the benefits are greater than the costs.