Glossary of Learning Terms > C > Cost-Benefit Analysis
A method of analyzing and weighing the total expected costs against the total expected benefits of one or more actions in order to choose the best or most profitable option. Benefits and costs are often expressed in monetary terms. Cost-benefit analysis considers all benefits, including productivity, savings, and motivation, and weighs them against all costs, including expenditures, overheads, and lost opportunities. This technique is often used to determine the best way to address a training requirement.
