Cost/Benefit Analysis

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1. Cost/Benefit Analysis or CBA is the determination of the economic feasibility of selecting a recovery solution or developing a system on the basis of a comparison of the projected costs of a proposed system and the expected benefits from its operation.

(Source: Business Continuity Management Institute - BCM Institute)

2. Financial technique that measures the cost of implementing a particular solution and compares this with the benefit delivered by that solution.

(Source: AE/HSC/NCEMA 7000:2012)

3. The amount of expenditure(actual or notional)incurred on or attributable to,a specific activity or business unit.

(Source: OGC, Information Technology Infrastructure Library (ITIL) v3)

4. Financial technique that measures the cost of implementing a particular solution and compares this with the benefit delivered by that solution.

(Source: British Standard BS25999-1:2006 Code of Practice for Business Continuity Management)

5. A process (after a BIA and Risk Assessment) that facilitates the financial assessment of different strategic BCM options and balances the cost of each option against the perceived savings.

(Source: Business Continuity Institute - BCI)