Explain the concept of cost-benefit analysis as part of the change management process.

Question

Question

Answer 1

Answer #1

The concept of cost benefit analysis as part of change management process are

It helps to trace and identify the relationship between costs and the benefits out of a process
It helps to mitigate risk in a project
The way to achieve the objectives of the project can be much focused and worked towards it
Unnecessary expenditure can be controlled efficiently when the cost -benefit analysis is used

Answer 2

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