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Conduct a cost-benefit analysis using a template, and explain the concept of opportunity cost and how a cost-benefit analysis aligns with organizational needs. Recommend a plan of action based on the cost-benefit analysis.
Note: The assessments in this course build upon each other, so you are strongly encouraged to complete them in sequence.
The following resources are required to complete the assessment.
This resource includes information on writing a cost-benefit analysis.
- Plowman, N. (n.d.). Writing a cost-benefit analysis. Retrieved from Cost-Benefit Assessment Template [XLSX].
This tool provides a step-by-step guide with a real-world example.
- Mind Tools: Essential Tools for an Excellent Career. (n.d.). Cost-benefit analysis: Deciding, quantitatively, whether to move ahead. Retrieved from