benefit analysis
nounUK /ˈbɛnɪfɪt əˈnæləsɪs/
US /ˈbɛnəfɪt əˈnæləsɪs/
Benefit analysis is when you carefully check if the good things from a choice are worth it.
The team did a benefit analysis before buying the new playground equipment.
OTHER MEANINGS
2. A formal study comparing the gains and costs of a project or policy.
The city completed a benefit analysis of the new bus route before approving it.
3. The process of measuring how much good something brings to people.
A benefit analysis showed that the reading program helped many students.
4. A business method for judging whether an investment will pay off.
The company used benefit analysis to decide which software to buy.