TurnAround Factor provides a systematic approach in estimating the
strengths and weaknesses of various alternatives in terms of labor,
time, cost-savings, etc. Cost-Benefit Analysis (CBA) involves a
comparison of the justification and feasibility of possible options
within an organization, as well as providing a basis for comparing those
options across the total program requirements. This is in relation to
the total expected costs against the total expected benefits, whether
the benefits outweigh those costs, and by how much the benefits outweigh
the costs. Through CBA, we can recommend the best approach and inform
senior leadership on how the organization can reach its most desired
outcome.
CBA is often conducted as a component of Business Case Analysis;
however, it has significant merit in its own right as a tool of
analysis. It is a comprehensive quantitative and economic approach to
examining alternatives. We examine and analyze costs, benefits, savings,
cost-avoidance, and risks to help inform your organization and senior
leadership of the most optimal course of action of which to take
advantage. Through our analysis, we will be able to develop proposed
cost benefits and savings available through a comparison of available
options. We will be able to develop recommendations of the cost savings
and efficiencies to be exploited to aid senior leadership and top-level
decision-making.
TurnAround Factor has been involved in a variety projects
utilizing CBA, either as a component of Business Case Analysis or as a
tool of analysis in its own right. Most notable of these projects
include:
