Request pdf cost benefit analysis for project appraisal written by two leading experts this is a compact guide to the key tools and methods necessary to carry out cost benefit analysis cba. Regional and urban policy december 2014 guide to cost benefit analysis of investment projects economic appraisal tool for cohesion policy 2014 2020. The purpose of cost benefit analysis in project management is to have a systemic approach to figure out the pluses and minuses of various paths through a project including transactions tasks business requirements and investments cost benefit analysis gives you options and it offers the best approach to achieve your goal while saving on investment. The cost of a project should be somehow related to the benefit expected from it the rule that has evolved over many years is that benefits must ex ceed the costs from a project cba estimates and