How to Perform a Cost-Benefit Analysis

 

 
For technical and business pros; no finance or economics background need!

---

How to Perform a Cost-Benefit Analysis -- One-Day Seminar -- Today’s decision-makers demand hard facts before they invest in an information technology project. Cost-benefit analysis (CBA) is the technique business-savvy IT organizations use to deliver the facts. Learn the basics in plain English.

Every CIO, project manager and business executive spends a considerable amount of time in meetings trying to answer this key question: Should we do this or that-or nothing at all? A credible CBA ensures that decision-making sessions stay on track by answering four basic questions:

1. What business problem are we trying to solve (the “change objective”)?

2. What are the viable solutions to the problem?

3. What are the pros and cons of each solution?

4. Which solution is "best" and why?

IT professionals and business analysts are expected to deliver the answers in the form of a cost-benefit analysis. The challenge for most is that they don’t have an easy-to-follow procedure to guide their analysis and presentation.

How to Perform a Cost-Benefit Analysis covers the basics anyone can apply right away. By the end of the session, you will:

• Know an easy-to-follow step-by-step procedure to keep your analysis on track

• Have analysis and presentation templates that you can use for small or large projects

• Deliver the facts decision-makers need briefly and credibly

In How to Perform a Cost-Benefit Analysis you will learn to:

• Avoid "Analysis Paralysis" by Using Available Information Sources

• Keep It Simple - Compare Only the Most Important Financial and Non-Financial Costs & Benefits

• Work Around Inevitable Data and Information Gaps

CBA is an indispensable skill for anyone involved in IT decisions; it is also the foundation for both the IT business case and ROI analysis.