Cost-Benefit Assessment Framework
A proven, simple and flexible model for evaluating the costs and benefits of business improvement initiatives.
The Cost-Benefit Assessment Framework is a proven and easily customizable model for evaluating the costs and benefits of business improvement initiatives. It allows a business analyst or project owner to summarize the key dimensions that need to be considered when evaluating the worthiness of potential business improvement initiatives. The structure can be tailored to suit the specific requirements of the business, however the layout presented here is considered best practice.
The Cost-Benefit Assessment Framework should be used to objectively evaluate business improvement initiatives and socialize them with executive stakeholders for selection and endorsement. The framework is designed to be used at the conclusion of an “analysis and design” exercise where issues are known in-depth and potential improvement projects have been identified, assessed and scoped. It is typical that additional financial worksheets will be created to support the information presented in this framework.
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