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hi everybody this is Eugene Alin lecture in Computing at the National College of Ireland and welcome to my series of short videos on problem solving techniques in video number seven were going to take a look at cost benefit analysis so first of all what is cost cost benefit analysis well its a simple to use tool that will help you decide which solution makes the most sense from purely a financial point of view therell obviously be many reasons why one solution might be selected over another but quite often we need to know from a financial point of view which one is the best solution to make were looking at cost benefit analysis this is how we describe it its a powerful widely used and relatively easy tool for deciding whether to make a change or not we also want to estimate the costs associated with potential benefits of implementing a proposed solution its especially useful when several options need to be evaluated for financial impact and a final selection should return the gre
