Cost Efficiency Analysis

Cost Efficiency Analysis is a method used to evaluate how effectively resources are used to achieve desired outcomes. It compares the costs of different options or projects based on their results. By analyzing the relationship between what you spend and what you achieve, this method helps organizations determine which activities deliver the best value for money. Essentially, it guides decision-makers to allocate resources more wisely, ensuring that funds are spent in ways that yield the greatest benefits while minimizing waste.