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Cost benefit analysis

Object or form
Cost benefit analyses can be used to answer questions such as, “What are the costs and benefits of wildfire reduction projects?” A cost benefit analysis is a systematic approach often used to evaluate alternatives to solving a problem, especially to find the best solution or policy.

Rules
1. The project, policy, or set of alternatives must be clearly defined as a set of parameters and goals.
2. All costs associated with a project should be accurately estimated.
3. All benefits associated with a project should be accurately estimated.
4. The final recommendation should be clearly stated.

Moves
1. Define or revise a project parameter or goal.
2. Estimate or revise a cost.
3. Estimate or revise a benefit.
4. Determine the ratio or ratios of benefits versus costs.
5. Make a recommendation for the project.

Levels
1. Project
2. Costs
3. Benefits
4. Recommendation

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