Cost Benefit Analysis Essay

When operational a business or managing a project, thither argon many an(prenominal) moving parts that need to be discussed, evaluated, and/or implemented. A very telling ray that can sustain that can serve up in a business decision or project is caterpillar tread a embody pull in analysis. Running this analysis ordain help a project manager determine how well, or how poorly, a think action will turn out (John Reh, 2014). This type of analysis relies on the addition of positive factors and the subtraction of negative ones to determine a straighten out result (John Reh, 2014). When putting a together a cost benefit analysis for a big production company like undulate Films, it is a big project to own. Having 150 employees spread out into quadruplex states makes it difficult to get all the information needed. There argon many factors when you are dealing with multiple areas of operation to provide an accurate cost benefit analysis. The cost of net unraveling equipment and the power it takes to operate them.The amount of cloud blank space and the security used to protect it and the power to operate. Once you start operating outside of the office, conducting an accurate cost benefit analysis. With the employees working at home, are they working the full day or a few hours here and there? Do you have to pay for their use of electricity and internet, per diem? Is it more cost effective to put everyone in an office rather than work at home? Many questions have to be answered to create and effective analysis. Cost benefit analysis is a very important tool to use when pitching a new idea or project. This will show the investor, project manager, or CEOs exactly where their currency is going to go and how they are going to make a return. It as well helps identify flaws in the budget and whether a company can fan out or downsize.ReferencesJohn Reh, F. (2014). Cost Benefit Analysis. Retrieved fromhttp//management.about.com/cs/money/a/CostBenefit.htm