Cost-Benefit Analysis

Below are the description of all the uses of the working document “Cost-Benefit Analysis”:

“Cost-Benefit Analysis” is a tool/technique for the process “Plan quality management”.
The primary benefits of meeting quality requirements include less rework, higher productivity, lower costs, increased stakeholder satisfaction, and increased profitability. A cost-benefit analysis for each quality activity compares the cost of the quality step to the expected benefit.

This definition was found in the PMBOK V5

Go back to the Glossary or to the Mapping