Capabilities

Cost Benefit Analyses

Cost Benefit Analyses (CBA) allow you to select those projects that maximize the dollars invested in your people by identifying the costs associated with each performance improvement solution option, and then presenting that information so that you can compare each option and select the one that best works for your organization. CBAs quantify the relative benefits (both negative and positive) of multiple approaches at a given level of cost, so you can lay several options together and identify the best "bang for the buck". We identify and compute the monetary benefits that are associated with the cost of implementing a given solution.

A CBA is also done to determine how well or how poorly a planned action, process, system, or system of systems will accomplish a stated or desired goal; it finds, quantifies, and adds all the positive factors (the benefits) and it identifies, quantifies, and subtracts all the negatives (the costs). The difference between the two indicates whether the planned action, process, or system is advisable and if accomplishing the stated or desired organizational goal is possible. The bottom line for conducting a CBA is ensuring that costs and all benefits are included and properly quantified. In simple terms, a CBA imposes an accounting framework that prescribes classes of benefits and costs to consider, means to measure them, and approaches for aggregating them.

Harkcon CBAs identify a minimum of three viable options for each projected solution, their associated costs, and the advantages and disadvantages of each. Overall costs are based on development costs, staffing costs, equipment costs, maintenance costs, and the life expectancy of the solution; non-recurring, annual recurring and life cycle costs are all considered.

Advantages and disadvantages of each option will be listed. They will focus on:

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