Cost benefit analysis
A cost-benefit analysis (CBA) begins by compiling a comprehensive list of all costs and benefits associated with the proposed action or strategic decision. A monetary value is applied to all the cost-benefit list items. Lastly, the results of the aggregate costs and benefits are compared quantitatively to determine if the benefits outweigh the costs. CBA is used as a mechanism to demonstrate that the benefits are greater than the costs and thus the proposal is economically advantageous.