Cost-Benefit Framework

The Cost-Benefit Framework is a decision-making tool that compares the total costs and benefits of a project or action. It helps determine whether an investment is worthwhile by quantifying and weighing the positives (like increased efficiency or profit) against the negatives (such as expenses or risks). If benefits outweigh costs, the project is considered worthwhile; if not, it may be better to rethink the plan. This approach ensures a rational, balanced assessment, helping people and organizations make informed, responsible choices about resource allocation.