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Cost Benefit and Effectiveness: Is Training "Worth It"?

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Describe the cost benefit evaluation and cost effectiveness evaluation methods of evaluating whether training was "worth it".

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The response addresses the queries posted in 378 words with references.

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The response addresses the queries posted in 378 words with references.

//This paper will help in determining the cost benefit evaluation technique. It also includes the determination of cost effectiveness evaluation methods. Later in this paper, the effectiveness of the training is measured with the help of appropriate method.//

Cost benefit analysis refers to the method that helps in the appraisal, assessment and guides in the program or policy proposal and most of all helps in making economic decision of any kind. This can be expressed as the process in which the total expected cost is compared against ...

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