What are some of the pitfalls which could occur when applying the Cost-Benefit Principle inconsistently.
Answer
There are various pitfalls which could occur when applying the cost benefit principle inconsistently which are
• Due to wrong and mis calculations the results might be wrongly applied and result in misleading analysis.
• There are some factors which cannot be termed in the form of monetary terms like satisfaction and various other advantages while analysis which may result in faulty results .
• Analysis turns into a project budget when the cost benefit principles are applied it turns into a project budget by the manager and the expected cost is taken as the actual cost which results in wrong and unnatural goals and misleading results.
These are the some of the pitfalls occuring in cost benefit principle.
What are some of the pitfalls which could occur when applying the Cost-Benefit Principle inconsistently.