12 Aug Week 8 DiscussionCollapseCost Benefit Analyisis Option 1 Asw

Week 8 DiscussionCollapseCost Benefit Analyisis Option 1 Aswe discovered this week from our readings and video’s, not allcost-benefit decisions can be made from strictly financial data.Thinking about a project you have worked on or proposed, or a projectwhich you feel is critical in your company or community, give an exampleof a non-financial metric which should be considered and why you thinkthat non-financial metric should result in the approval of the project. – OR – Option 2 YourNew Product Development initiative is at the stage where a Cost-BenefitAnalysis is needed to prepare for the final presentation tomanagement. There are multiples metrics you could use to quantify thebenefit of your proposal (incremental sales, nominal payback, discountedpayback, NPV and IRR). Choose the one that you feel is most crucialand would best help Management see the value in your proposal. Explainwhat the metric shows and then discuss how you would go about gatheringthe data and calculating this for your new initiative (and, if you havealready done this in real life, share what you did and what response yougot from Management).