Share
Explore BrainMass

Cost-benefit evaluation and cost-effectiveness evaluation

Why are cost-benefit evaluation and cost-effectiveness evaluation methods useful for evaluating whether training was "worth it" or not. (training and development) 200 words or more, APA format thanks.

Solution Preview

The response addresses the queries posted in 250 words with references.
//The given discussion is based on the training evaluation method. In this whole discussion, two methods of evaluating the worth of training program such as cost benefit and cost-effective evaluation are added. //

Worth of Training Program

Cost-benefit and cost-effective evaluation are the methods of evaluating the effectiveness of a training program. In this method, the evaluators of the programs make an outline of the cost and benefits and build a comparison to analyze the profit after completing the program. The method of cost-benefit analysis can be understood as an economic evaluation ...

Solution Summary

The response addresses the queries posted in 250 words with references.

$2.19