What are CBA methods in project management?
An example of an AI chatbot conversation about CBA methods in project management.
What are CBA methods in project management?
CBA methods, or Cost-Benefit Analysis methods, are techniques used to evaluate the financial feasibility of a project by comparing its costs to its benefits.
Can you explain how to perform a CBA?
Sure! To perform a CBA, identify all costs and benefits, quantify them in monetary terms, and then compare the total costs to the total benefits.
What are some common challenges in conducting a CBA?
Common challenges include accurately estimating costs and benefits, accounting for intangible factors, and ensuring stakeholder agreement.
Are there any tools that can help with CBA?
Yes, there are several tools like Excel, specialized CBA software, and online calculators that can assist in conducting a CBA.
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