EstimatesDeveloping and validating forecasts of costs. A fundamental step in planning a business, strategy, program or project.total cost of ownership of an asset over its lifespan. comparing costs and benefits such as product development costs versus revenue. Typically uses estimates such as payback period and return on investment. cost efficiency based on the efficiency formula.
Cost EffectivenessCost effectiveness is the process of comparing the costs of strategies relative to results where results aren't purely financial. For example, comparing different ways to improve your quality of life according to cost and non-financial results such as happiness.
|Overview: Cost Analysis