Describe the key steps taken in performing benefit-cost analysis for a typical public project?
A project is a pre-determined set of activities with a proper start to a proper end. There are various types of projects. The projects are by the government for the welfare of the public are public projects because the government is represented by the public. Many private companies' projects are also public projects if they have sought financial help from the public and which are publicly financed.
Analysis of the action of any decision is very important as it keeps the track of the completion stage of the action and also the cost estimation can be computed with the analysis of the decision or action. The financial analysis of an action is used to document a gain arising from the capital expenditure that can be expected from the project.
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