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Use a cost-benefit analysis to learn the truth
An accurately produced cost benefit analysis allows you to get the facts that then allows you to make better informed decisions.
When was the last time you made a decision based on a ‘hunch’ or a ‘gut feel’.
How did that decision go?
The best thing you can do for any significant decision is to gather as many facts as possible. A Cost Benefit Analysis will assist you in making the best possible choice.
Can you really afford to guess important decisions?
Provides greater assurance
Important decisions should never be made on a whim. This is even more important when these decisions are monetary decisions that effect the performance and profitability of your company.
Creating a Cost Benefit Analysis is the key to making the ‘right’ decision. Yes, you may not be able to know absolutely everything, and yes, things may go wrong. However, making an educated decision is going to significantly reduce the risk between failure and success.
3 valuable advantages of using a Cost Benefit Analysis
1. Eliminate the majority of unknowns
The things that you don’t know are the things that potentially could upset what you are trying to achieve. Planning for these things allows you to eliminate them upfront.
2. Make the best decision possible
Know that you have made the best decision with the information you have.
3. Identify if it is worth of your time
The number crunching exercise will clearly identify the cost benefit to you and you will see if the whole exercise is actually going to be worth the effort.
Time Saver Template
Using a Cost Benefit Analysis Template is going to allow you to save considerable time and effort. You will be able to concentrate on the actual project instead of trying to create the actual document.
Using a template is certainly a great way to save time. Check out the following Cost Benefit Analysis Template below.
Review the Detailed Contents
The following images are the first 4 pages of this Cost Benefit Analysis Template.
Title Page
The following page is the title page. You can easily customize this to suit your business.
Cost Benefit Analysis Master Template | Title Page
Table of Contents
The Table of Contents are fully automated in Microsoft Word. You can go into the body of the document, add a section and then come back and update the table of contents. This saves tons of time.
Cost Benefit Analysis Master Template | Table of Contents
Introduction
Review the introduction page below. This includes a project purpose, project background scope and overview.
This section includes sections for assumptions and constraints, methodology evaluation criteria and recommendations.
Cost Benefit Analysis Master Template | Costs
Costs
The costs sections allows space for costs associated with establishing a cost benefit.
Cost Benefit Analysis Master Template | Costs
This is a detailed document that includes tables for:
Tangible benefits
Development costs (Non-recurring)
Recurring costs
and more.
Cost Benefit Analysis Template
Free Bonus! Case Study Template
When you purchase the Cost Benefit Analysis Master Template we also include the Case Study Template free.
Case Study Template
Total Inclusions
Cost Benefit Analysis Master Template File Type Microsoft Word .docx
Pages 12
Word Count 550
Case Study Template File Type Microsoft Word .docx
Page Count 14
Word Count 1464
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Don’t try and guess. Use a Cost Benefit Analysis and make informed decisions.
All the best with your business.
Regards,
David
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