Writing Cost benefit Analysis & How to Solve Problems like a Consultant Article Summary

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Explore each of the web resources provided for this Sub-Competency. Identify takeaways that you think can help you become a better critical thinker, analyst, and knowledge expert.

Writing a Cost Benefit Analysis

Plowman, N. (2014, October 24). Writing a cost benefit analysis [Blog post]. Retrieved from http://www.brighthubpm.com/project-planning/58181-...

10 Traits of a Great Consultant

Ross, B., & Mukherjee, S. (2012, June 13). 10 traits of a great consultant [Blog post]. Retrieved from http://philanthropy.com/blogs/good-advice/10-trait...

How to Solve Problems Like a Consultant

Nuts & Bolts Speed Training. (2015). How to solve problems like a consultant. Retrieved from http://www.skillsyouneed.com/rhubarb/solve-complex...

Consultants, Analysts: Present Impactful Analysis, Insightful Reports

Kaushik, A. (2008, July 16). Consultants, analysts: Present impactful analysis, insightful reports [Blog post]. Retrieved from (This content will be opened in a separate window or downloaded to your computer) http://www.kaushik.net/avinash/consultants-analyst...

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Writing Cost-benefit Analysis.

For a person to be an expert in writing a cost-benefit analysis he or she must follow three
essential steps. Firstly, it is identifying all the costs. They will be categorized into monetary and
non-monetary costs. After that, all the costs will be added together to get the full cost of the
proposed action. Secondly, it is identifying the benefits (Plowman, 2014). Similarly, the benefits
will be categorized into monetary and non-monetary benefits. The next action will be to add all
the benefits that have been identified to get the total benefits of the proposed action. Thirdly, it is
an evaluation of the cost and benefits of the proposed action. In the case that the total benefits are
more than the total costs, then the project is viable. If the total costs are more than the benefits
then the project is...

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