Bca/ Sroi

Question 1

Bca

Answer 1

Systematic comparison of benefits and costs. Used in the assesment of both projects and polices. Decision tool used to determine whether or not a project should be understated and whether it should be chosen

Question 2

Bca steps

Answer 2

Define: the project, determine:the costs and benefits, assign: monetary values, discount: the values that occur in the future, check: the npv, b/c ratio and irr, conduct: sensitivity analysis

Question 3

Business case approach

Answer 3

1. Capture existing knowledge. 2. Support wise land use decisions 3. Vehicle for moving policy forward 4. Consistent messages to different audiences