Discuss a time when cost analysis is necessary to support a decision on price reasonableness and cost realism. What is to be achieved through the cost analysis?© BrainMass Inc. brainmass.com June 4, 2020, 4:29 am ad1c9bdddf
The times to do a cost analysis are when one needs to know the cost allocation required for a project, the cost effectiveness of a project, and the benefit analysis. Each of these is creates a continuum of cost analysis to control costs of any and every project. The cost effectiveness analysis, is one I would choose for the question here.
The cost effectiveness shows the costs of a program over a period of time. This can help decide if a ...
A brief analysis of the value of cost benefit analysis, specifically the advantages of cost effectiveness analysis.