MGMTOF INFORMATION SECURITY (LL) FDS
MGMTOF INFORMATION SECURITY (LL) FDS
6th Edition
ISBN: 9780357195543
Author: WHITMAN
Publisher: CENGAGE L
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Chapter 7, Problem 18RQ
Program Plan Intro

Cost-benefit analysis:

  • An evaluation of the anticipated losses that could be avoided from a control effort (benefit), compared to the anticipated costs needed to implement the control is called cost-benefit analysis (CBA).
  • A CBA may be used to estimate (or evaluate) the value against the cost of a decision, project, or policy or to compare potential (or completed) courses of actions. It is commonly used in business or policy decisions (particularly public policy), commercial transactions, and project investments.
  • Cost–benefit analysis is often used by organizations to appraise the given policy’s desirability. It is an analysis of the expected balance of costs and benefits.

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