Use cases for a CBA
Basically, a cost-benefit analysis is always appropriate when major financial investments are planned. It is particularly suitable if, for example, you
want to modernize your IT equipment
Plan renovation measures for your business
Offer training and further mexico rcs data education measures for your employees
want to implement new manufacturing processes
introduce new business processes
want to expand your vehicle fleet
Employee creates template for a cost-benefit analysis.
An employee conducts a cost-benefit analysis. Image rights: Andrey Popov / Adobe Stock
In general, it is important to distinguish between two types of advantages: The benefits of an investment can have both material and immaterial advantages . For example, in addition to increased sales and greater profits, the advantages that can be achieved with an investment include increased employee satisfaction, improved service quality or a reduction in overtime. And this is exactly what you can document with a cost-benefit analysis based on a template.
This means that if you use a cost-benefit analysis to evaluate business decisions, you have all the factors that influence your decision available at a glance. This means that even small adjustments can be made to the best of your ability to identify unnecessary measures and make the right investments.