![[Updated 2023] Top 10 Cost-Benefit Analysis Templates to Make Prudent Financial Decisions](https://www.slideteam.net/wp/wp-content/uploads/2021/09/banner-1013x441.png)
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Cost-benefit analysis is a prominent strategic tool that businesses use to move ahead in the future. Whether you are thinking of making amendments to your marketing or sales strategy or having second thoughts about a proposed project, conduct a cost-benefit analysis to address every possible doubt.
For the uninitiated, a cost-benefit analysis is a systematic approach that helps business owners, entrepreneurs, and organizations assess which decisions to take and which to leave. The cost-benefit analysis process compares the estimated costs and benefits of a project to calculate if it is a viable option from a business point of view.
If the projected benefits exceed the cost, arguably, organizations can go ahead with that decision. On the contrary, if the costs outweigh the benefits, you would want to rethink that decision.
Cost-benefit analysis for better evaluation
Cost-benefit analysis, or CBA, helps businesses and start-ups in decision making in the form of data. Wise managers perform a cost-benefit analysis to assess all the potential costs and revenues a company might receive from the project. The analysis results help managers figure out whether the project is suitable for an organization or if they want to increase benefits or decrease costs to make the project viable.
The cost-benefit analysis begins with compiling a comprehensive list of all the costs and benefits of the project or decision.
The costs involved in CBA might include:
- Direct costs include direct labor involved in manufacturing, inventory, raw materials, manufacturing expenses, and more.
- Indirect costs could be electricity, rent, utilities, and management's overhead costs.
- Intangible costs include customer satisfaction, impact on productivity levels, employees, etc.
- Opportunity costs include alternative investments such as buying a plant versus building a plant.
- Potential costs of the risks involve regulatory risks, competition, environmental effects, and more.
The benefits in CBA might include:
- High revenue generation from a new product.
- Intangible benefits; for example, enhanced customer satisfaction, faster delivery, improved employee safety, morale, etc.
- Competitive edge or market share gained due to a newly-made decision.
Once you compile a list, you must assign a dollar amount to each cost and benefit to compare the values accurately.
The process is comprehensive; however, you can effectively conduct this analysis with actionable cost-benefit analysis templates. These professionally designed templates will leave no scope of any error and help you derive the best results for your organization.
Below are some of our ready-to-use templates for a cost-benefit analysis to make the process easier for you.
Template 1: Cost-Benefit Analysis PPT Template
This is a content-ready PowerPoint Template for companies to evaluate the costs and benefits of a particular project. Use this ready-made PPT Slide to determine whether the benefits outweigh the costs. It is a professional and appealing PowerPoint Presentation showcasing varied scenarios of cost-benefit analysis to evaluate different options for the betterment of the company. Incorporate this ready to use PowerPoint Slide and make informed decisions free of biases. Download now!
Template 2: Portfolio Dashboard Cost-Benefit Analysis PPT Slide
Here is another PPT Template showcasing an overview of all the expenses and revenues of a project. It is a comprehensive dashboard exhibiting different sections such as, portfolio summary, allocated budget, budget used, total cost, etc. to examine the feasibility of a project in terms of finances. Grab this easy to use PowerPoint Template and assess the potential costs and benefits of different product design options, marketing strategies, and production methods. Download now!
Template 3: Economic Feasibility Dashboard Cost-Benefit Analysis PowerPoint Template
Want to know if your project is justifiable? Deploy this content-ready PowerPoint Template and evaluate your capital investment to outline further marketing strategies. This PPT Diagram exhibits a well-structured dashboard to help you get a quick overview of your business cost involved and revenue generated. Download this PPT Template and use graphs to compare the costs and benefits of your project. Get it now!
Template 4: Portfolio Dashboard Cost & Benefit Template
Conduct a data-driven CBA for your organization to evaluate a decision for your potential project without any personal bias. Take a logical approach in deciding if the project is practical enough for the company using this customizable template. Incorporate the costs and benefits of the project on the slide and simplify the decision-making process for yourself.
Template 5: Cost-Benefit Analysis Management Table Template
Grab this crisp cost-benefit analysis template to reduce the complexity of your business decisions. Make detailed CBA simple and easy with the help of this customizable slide to decide if the project is a hit or a miss for your company. This lucid CBA template provides you with a chart to help you make the right call.
Template 6: Cost-Benefit Analysis PowerPoint Template
If you are a software company looking to conduct a cost-benefit analysis for your new software or product, this template is the right fit for you. The PPT template outlines your research and provides you enough space to jot down each potential cost and benefit of the software or project. The slide will help you come across indispensable factors for the analysis, such as intangible costs. Therefore, leave no scope of error and carry out an effective CBA with this PowerPoint design.
Template 7: Cost-Benefit Analysis for Marketing Strategies Template
Do you want to know whether new marketing strategies will be efficient for your organization? Use this template to conduct a cost-benefit analysis to evaluate the success rate of your new marketing plan. Write down the costs and benefits of the new marketing activities you are planning to execute for your company and check if you want to stick to the new proposed marketing plan or design a new approach. You might need a new strategy in case the costs exceed the benefits. And if they do not, you are good as gold.
Template 8: Marketing & Launch Cost Analysis Template
Whether it is the launch of a new product or the re-launch of an old product, you will need a cost-benefit analysis to set the budget and decide whether to go ahead with the inauguration. Get this content-ready template to ascertain the expenses for each activity of the product launch. You can also list the benefits corresponding to the activities and analyze which weighs more: benefits or cost. This cost-analysis template will provide you with a clear picture to help you decide whether the product needs a soft or big launch or if you want to cut short the activities.
Template 9: Cost-Benefit Analysis PPT Template
Know if the project is worth the effort by using this ready-made cost-benefit analysis. Add the values in the template and compare the costs and benefits to decide if the project will be valuable for your organization. The slide is easy to use and saves time. Therefore, stop conducting stressful meetings and use this PPT template to make a sound decision quickly.
Template 10: Cost-Benefit Analysis Template
Set up a cost-benefit analysis for your new project with the help of this professionally designed template. Put your project's estimated costs and benefits in a template to determine if the project makes sense from a business perspective. Tally up all the costs and benefits to decide if your company wants to rethink the project if its costs exceed its benefits.
Conclusion
Cost-benefit analysis is essential for organizations to evaluate their decisions to avoid failures. They help companies assess the success ratio of the potential projects or products and prevent managers from making hasty decisions that can be harmful.
Cost-benefit analysis may seem tricky if you do not have the proper templates to conduct the analysis. SlideTeam’s PPT templates help you make the most suitable decision for your company. These cost-benefit analysis PowerPoint slides provide you with financial metrics to measure the comparison between costs and benefits resulting from a decision to pursue the project.
P.S: To manage project costs within the approved budget, check out our actionable PowerPoint templates featured in this blog.
FAQs on Cost-Benefit Analysis
What is meant by cost-benefit analysis?
Cost-benefit analysis (CBA) is a systematic process of evaluating the costs and benefits of a particular decision or project to determine whether the benefits outweigh the costs. It involves identifying and quantifying all of the relevant costs and benefits associated with a decision or project, and comparing them to see if the net result is positive or negative.
The goal of CBA is to provide decision-makers with a clear and objective way of evaluating the trade-offs between costs and benefits, and to ensure that they are making informed decisions that maximize their overall welfare. By quantifying both the costs and benefits of a decision or project, CBA can help decision-makers identify potential risks, assess the feasibility of different options, and choose the option that provides the greatest net benefits.
What are the 5 steps of cost-benefit analysis?
The five steps of cost-benefit analysis are:
Identify the Decision: The first step is to clearly define the decision or project that will be evaluated. This involves identifying the goals and objectives of the decision, as well as the alternatives that will be considered.
Identify Costs and Benefits: The second step is to identify all of the relevant costs and benefits associated with each alternative. This includes both tangible costs and benefits (such as monetary costs and revenue), as well as intangible costs and benefits (such as environmental impacts and social benefits).
Assign Monetary Values: The third step is to assign monetary values to all of the costs and benefits. This involves estimating the dollar value of each cost and benefit, using techniques such as market prices, surveys, and expert opinions.
Compare Costs and Benefits: The fourth step is to compare the total costs and benefits of each alternative. This involves calculating the net present value (NPV) or other measures of economic efficiency, to determine which alternative provides the greatest overall benefit.
Make a Decision: The fifth and final step is to make a decision based on the results of the cost-benefit analysis. This involves comparing the alternatives and choosing the one that provides the greatest net benefit. In some cases, it may be necessary to revise the analysis or consider additional factors before making a final decision.
