In an increasingly competitive and dynamic business environment, making the right decisions is paramount. Whether you're considering a new project, an investment, a policy change, or any strategic move, it's essential to understand the potential costs and benefits associated with it.
Cost-Benefit Analysis (CBA) is a powerful tool that allows you to evaluate the financial and economic implications of various options. This helps you prioritize initiatives and allocate resources effectively. By conducting a CBA, you can ensure that your decisions are not only well-informed but also aligned with your organization's goals and financial health.
Partnering with the Operations Research Institute for Cost-Benefit Analysis offers numerous advantages:
Our team is made up of experienced economists with practical expertise in conducting comprehensive cost-benefit analyses across a range of sectors.
We offer specialized training sessions tailored for public servants and other professionals seeking to enhance their proficiency in cost-benefit analysis methodologies.
Our team members have a background in teaching cost-benefit analysis at prestigious universities in Georgia, demonstrating their academic prowess and in-depth knowledge of the field.
Our successful track record in delivering accurate, reliable cost-benefit analyses.
We are committed to quality and excellence in every project we udertake.
We work with our partners to build their personalized cost-benefit analysis model. Our standardized robust framework entails:
1. Explain the purpose of the CBA, while specifying set of alternative projects.
2. Identify whole benefits and costs, that count.
3. Identify impact categories, catalogue them, specify metrics and predict potential impacts quantitatively over the project lifetime.
4. Identify the modelling framework and build the model.
5. Monetise and discount benefits and costs to get present values of impacts, calculate net present value of each alternative and perform sensitivity analysis.
6. Report on the results along with all major key performance indicators of the model and provide recommendations.
