Fill in the blank: A cost-benefit analysis weighs the potential value of a project against money, resources, and _____ required.1 pointexpectationspoliciestimecompetitors

Discuss the effectiveness and limitations of cost-benefit analysis as a decision-making tool in assessing the viability of projects or policies, considering 5 factors such as ethical considerations, uncertainty, long-term impacts, and the potential for biased assumptions.

A cost benefit analysis consists of(i) finding the direct and indirect cost of developing, implementing and running the system(ii) finding out the tangible and intangible benefit of the system(iii) finding the investment to be made in the system(iv) finding the profit which will accrue from the system*1 pointa. iii and ivb. i and ivc. ii and iiid. i and ii

Fill in the blank: _____ are the expected gains of a project. These can be direct or indirect. 1 pointBenefitsStakeholdersMilestones Costs

Question 2Why is it important to perform a cost-benefit analysis during the initiation phase? Select all that apply.1 pointTo outline project goals and how to accomplish themTo add up the expected value, or benefits, of a project To set up a framework for what project work the team needs to doTo compare the project benefits to the costs

Cost paid in money to hire a resource isGroup of answer choicesan alternative-use cost.an implicit cost.an explicit cost.economic profit.