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Innovation Tools

Technology Evaluation - Cost Benefit Analysis


Technology evaluation is one of the most significant methodologies in innovation and technology transfer, utilised in screening new ideas, assessing innovative or not innovative products and technologies.

It is a powerful technique for an organization in examining new ideas, identifying and analyse causes or potential change, develop and plan possible solutions, and finally select and implement a proposed technology.

Cost Benefit Analysis

Cost Benefits Analysis aims to facilitate decision makers choose between alternative solutions in a way that the chosen alternative is the most cost-effective within the context of budgetary and political considerations.

Using the Cost Benefits Analysis tool you can:

  • Evaluate the potential risks, fixed costs, operational costs and benefits of the project.
  • Compare the outcomes of two or more alternative cost/benefit scenarios of the same project.

Start the Cost Benefit Analysis Tool

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