Task: Conduct a Cost Benefit Analysis

Construct a cost-benefit analysis for the project, which compares the costs of the project with the potential benefits to the business if it is successful. The comparison should be as specific as possible. For example, use monetary measures in a commercial situation.

Purpose

This step answers the question, What is your bottom line? As part of the final assessment, it is critical to compare the costs of the project with the potential benefits of success. Include in your analysis estimated costs for:

Data collection and any external data used
Results deployment
Operating costs
Then, take into account the benefits of:
The primary objective being met
Additional insights generated from data exploration
Possible benefits from better data understanding

Relationships

Roles	Primary Performer: Data Miner/Data Scientist SPSS Project Manager	Additional Performers:
Process Usage	ASUM-DM > Analyze-Design-Configure&Build > Understand Business > Assess Situation > Conduct a Cost Benefit Analysis

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