How to read a benefit analysis?
Importance and creation of a benefit analysis
The benefit analysis describes the scoring of several action alternative to select and pursue the best alternative with the greatest possible benefit. The scoring is based on different decision criteria that are weighted by an evaluation standard. A scoring scale is used that describes the benefit of the action alternative. A common scale is usually from: 1 point = very bad to 6 points = very good. The higher the point value is, the higher the benefit value for the action alternative is.
This is how you proceed when creating a benefit analysis:
- Define evaluation criteria
- Define the factor for weighting
- Define the scoring standard
- List all action alternatives, rate them with points, taking into account the weighting
- Calculate totals
After the items in the list above, the actual scoring takes place, the scoring of each individual action alternative, taking into account the respective weighting for the benefit value.