cost analysis
Cost analysis refers to the systematic examination and evaluation of expenses or costs associated with a project, business operation, or decision-making process. It involves identifying and measuring the various costs involved, comparing them with the expected benefits or outcomes, and assessing their impact on profitability or efficiency. The objective of cost analysis is to inform strategic decision-making by providing insights into the financial implications of different options or alternatives.
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Related Concepts (3)
Similar Concepts
- budget analysis
- competitive analysis
- cost allocation
- cost efficiency
- cost estimating in project management
- cost estimation
- cost estimation and forecasting
- cost management
- cost variance analysis
- cost-benefit analysis
- cost-effectiveness analysis
- financial analysis
- market analysis
- project analysis
- spending analysis