Cost analysis, price reasonableness and cost realism
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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?
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Solution Summary
A brief analysis of the value of cost benefit analysis, specifically the advantages of cost effectiveness analysis.
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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 ...
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