Cost benefit analysis showing define problem and develop cost estimate

Description:

The image shows a PowerPoint slide titled "Cost Benefit Analysis Showing Define Problem & Develop...". It presents an eight-step process, each step represented by a numbered circle and accompanied by an icon, along with text boxes for further elaboration:

1. Define Problem & Opportunity: 

Involves clarifying the issue or chance at hand, symbolized by a light bulb icon, suggesting the generation of ideas or identification of key issues.

2. Define Alternatives: 

Entails outlining possible solutions or courses of action, indicated by a two-way arrow icon, representing choices or different paths.

3. Identify Tangible & Intangible Benefits: 

This step is about recognizing both the measurable and less quantifiable advantages of each alternative, depicted by a hand with a coin symbol, which suggests value assessment.

4. Formulate Assumptions And Determine Constraints: 

Involves setting the parameters within which the analysis will operate, symbolized by a square root sign, possibly indicating the need to delve into the foundational elements of the problem.

5. Develop Cost Estimate For Alternative: 

Entails calculating the financial implications of each option, illustrated by a dollar sign and a calculator, emphasizing the cost analysis aspect.

6. Define Selection Criteria: 

This step is about establishing the metrics or standards by which the alternatives will be judged, represented by a cog icon, which could symbolize the mechanism of decision-making.

7. Compare Alternatives: 

Involves evaluating the options against each other based on the defined criteria, denoted by a comparison chart icon, indicating the analysis and contrast of different solutions.

8. Report Results: 

The final step is to document and present the findings of the analysis, symbolized by a clipboard icon, which typically represents reporting or summarization of data.

Use Cases:

This slide can be effectively used in various industries for analytical and decision-making processes:

1. Finance:

Use: Evaluating investment options.

Presenter: Financial Analyst

Audience: Investors, executive management

2. Government:

Use: Policy analysis and public project evaluations.

Presenter: Policy Advisor

Audience: Government officials, public stakeholders

3. Healthcare:

Use: Analyzing new medical treatments or technology investments.

Presenter: Healthcare Administrator

Audience: Hospital board, medical staff

4. Technology:

Use: Assessing new technology projects or product developments.

Presenter: Chief Technology Officer

Audience: Project team, stakeholders

5. Education:

Use: Deciding on educational programs or infrastructure projects.

Presenter: Education Planner

Audience: School board, faculty

6. Construction:

Use: Weighing project bids or material selections.

Presenter: Construction Manager

Audience: Project stakeholders, clients

7. Manufacturing:

Use: Considering efficiency improvements or equipment purchases.

Presenter: Operations Manager

Audience: Management team, operations staff