CBA in Project Management

Cost-Benefit Analysis (CBA) in project management is a systematic process used to evaluate the financial implications of a project. It involves comparing the expected costs of a project to its potential benefits, helping decision-makers determine whether the project is worthwhile. If the benefits outweigh the costs, the project is considered viable. CBA helps in making informed choices by assessing the return on investment and ensuring resources are allocated efficiently. This analysis is crucial for prioritizing projects and justifying investments to stakeholders.