What is the CBA methodology?
An example of an AI chatbot conversation about the CBA methodology in project evaluation.
What is the CBA methodology?
CBA stands for Cost-Benefit Analysis. It's a systematic approach to estimating the strengths and weaknesses of alternatives.
How do you conduct a CBA?
To conduct a CBA, identify costs and benefits, quantify them, and compare the net benefits to make informed decisions.
What are some common applications of CBA?
CBA is commonly used in project evaluation, public policy analysis, and investment decisions to assess economic viability.
Can you give an example of a CBA?
Sure! For instance, evaluating a new public park involves estimating costs like construction and maintenance against benefits like increased property values and community health.
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