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Cost-benefit evaluation and cost-effectiveness evaluation

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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.

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

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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 ...

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Ashish Sharma, MBA (IP)
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  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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