Hey guys, Im currently doing an internship at a firm.
Im currently working on a proyect that has no cost whatsoever, but my boss asked me for cost/benefit analysis. I’m kinda afraid to ask him, if he needs one (and think I am idiot, who does not know shit, lmao).
I made sure to check and the proyect will not inquire any additional monetary expenses
Help apreciated
In: Economics
Everything has costs, even if they aren’t obviously monetary.
People’s time is a cost. Resources being used is a cost. Heck, the time you are spending doing the analysis is a cost. Anything being used to this project is something that _can’t_ be used for other projects.
All of those costs can be quantified. If someone making $50k a year has to spend 500 hours on the project, then that costs the company $12,500 in salary costs. If you have a truck that costs $60k and a 10 year depreciation schedule, using it for one year costs the company $6k.
So figure out what resources are going to be used, what those resources cost, and how much of that cost you’ll be using in the project.
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