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Get the Facts
An accurately produced cost benefit analysis allows you to get answers that then allow you to make more 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 major decision is get as many of the facts as you can. This then allows you to make a decision that will be based on fact instead of just based on a ‘hunch’. Potentially, this could let you sleep much better at night.
Use a Cost Benefit Analysis to make important decisions
Making important decisions shouldn’t just be a ‘stab in the dark’. This is certainly important when these decisions are monetary decisions that effect the 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 make a huge difference to achieving 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.
What is Included?
Cost Benefit Analysis Master Template File Type Microsoft Word .docx
Pages 12
Word Count 550
Easy, Quick, Efficient…..Done
Time Saving Templates
Our Master Templates are easy to use and apply. Use Microsoft Word to find and select the relevant information to customize it to your needs.
Customize in Minutes with Red Highlights
To assist you in customizing our Master Templates quickly and easily, all items that need customizing are highlighted in red. You can simply use the Find and Select tool in Microsoft Word (Ctrl+H) to identify all relevant items in one hit and replace instantly or simply scroll through and change the items in red.
Find, Select and Replace | Customize in Minutes
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Shop with Confidence
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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