CBA (Cost-Benefit Analysis)

Cost-Benefit Analysis (CBA) is a decision-making tool used to evaluate the potential costs and benefits of a project or action. It involves identifying all the costs involved, such as money, time, and resources, and comparing them to the expected benefits, like profits, improvements, or savings. The goal is to determine whether the benefits outweigh the costs, helping individuals and organizations make informed choices. If the benefits exceed the costs, the investment is generally deemed worthwhile; if not, it may be better to reconsider or abandon the project.