COST-BENEFIT ANALYSIS
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The question of whether the ends justify the means is more than an esoteric philosophical issue; in business, the question has resulted in the development of cost-benefit analysis, which determines whether the ends--benefits--are justified by the means--costs--through a simple comparison. However, the comparison is often never simple since there can be factors involved which are difficult to quantify. Cost-benefit analysis gained particular popularity with the increase in the capabilities of information technology that made it possible to evaluate many different variables. In the last quarter of the twentieth century, cost-benefit analysis was found in many different organizations from the public sector to the private sector. This research considers an article outlining the use of cost-benefit analysis (CBA) in the field of information technology itself, the role of CBA in business research and considers the appropriate--and inappropriate use--of cost-benefit analysis.David Lewis interviews chief information officers (CIOs) at major organizations and determines to what degree they use cost benefit analysis in their organizations. Increasingly, and particularly since the dot-com bubble burst, information technology executives are being held accountable for their expenditures, and CBA is often used to enforce that accountability. When CIOs have projects that they want to fund, they must now present CBA in order to
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Some common words found in the essay are:
RESEARCH Business, ANALYSIS INTRODUCTION, CBA WORKPLACE, David Lewis, ARTICLE Information, VALUE CBA, Kieso Kimmel, Boston Consulting, Barnes Noble, CBA CBA, cost-benefit analysis, information technology, business research, lewis 2001, kimmel 2001, erp systems, value output, kieso kimmel 2001, kieso kimmel, held accountable expenditures, chief information, cba business research, key value, key value cba, long-term strategic direction,
Approximate Word count = 1189
Approximate Pages = 5 (250 words per page)
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