Tag: benefit-cost ratio

Look Before the Project – Part II

Last week we looked at the BCR — Benefit-Cost Ratio as a way of evaluating a project. This week I’d like to look at a related technique — Total Cost of Ownership (TCO). The purpose of many projects is to introduce a new product or service. Often this new product or service has a later […]

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Look Before the Project – Part I

For the next few weeks I’d like to take a closer look at initiating projects, with special attention to costs. This is an area of weakness for many who jump in to do work before looking at the consequences or rewards. Rather than use a microsope, you need a telescope to see to the far […]

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