Benefit-Cost Analysis (BCA)

Benefit-Cost Analysis (BCA) is a systematic approach used to evaluate the strengths and weaknesses of projects or decisions by comparing their expected benefits to their costs. In essence, it helps determine whether the advantages of a project, like increased efficiency or improved health, outweigh the expenses involved, such as funding, resources, and time. This analysis helps decision-makers prioritize investments, ensuring that society's resources are used effectively to achieve the best outcomes for communities and stakeholders.