ISDP1: system methodologies-COST-BENEFITS ANALYSIS IN SYSTEM UNIT 4

1.0 INTRODUCTION In a way, Cost Benefit Analysis (CBA for short) is the starting point of any system analysis. It is the procedure by which the worthwhile of a system approach is determined, without which there would be no effective idea of the costs and consequences of the new information system being contemplated. 2.0 OBJECTIVES By the end of this unit, you should be able to: • Explain the role of CBA in system analysis • Outline the steps of CBA • Explain the different types of CBA • Explain the mechanics of CBA