Evaluation Glossary

Cost-Benefit Analysis

An analysis that compares present values of all benefits less those of related costs when benefits can be valued in dollars the same way as costs. A cost-benefit analysis is performed in order to select the alternative that maximizes the benefits of a program.

Source

US Environmental Protection Agency. (2007). Program Evaluation Glossary. Office of the Administrator/Office of Policy/Office of Strategic Environmental Management/Evaluation Support Division.

Related Terms

Cost-Benefit
Economic Evaluation
Efficiency Assessment