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Practical Use of Cost-Benefit Analysis

Authors: Franc Petr

Type of publication: ostatní - přednáška nebo poster

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Language	Name	Abstract	Keywords
cze	Praktické využití analýzy nákladů a přínosů	Cost-Benefit Analysis is one of the key-tools for evaluating public project supported from the EU Structural funds. It should give us information to accurately measure public utility from the socio-economic benefits point of view and its results should lead us to choose the best investment project. For CBA to be worked out of the best quality, it is necessary to focus on key aspects, without which this tool is useless and problems which arise when working on it. Important to identify differences between CBA and private-sector financial analysis, define the project itself and analyze cost and benefits including quantified socio-economic ones. Recent major problem are insufficiently prepared methodologies which make creating Cost-Benefit Analyses very difficult and make analyses themselves useless for decision-making. This paper proposes to describe CBA from its real benefit point of view, focus on the process of its creating and some problematic areas which have not been methodologically managed in the Czech Republic.	CBA, Analýza nákladů a přínosů, Finanční analýza, Veřejné projekty, Strukturální fondy
eng	Practical Use of Cost-Benefit Analysis	Cost-Benefit Analysis is one of the key-tools for evaluating public project supported from the EU Structural funds. It should give us information to accurately measure public utility from the socio-economic benefits point of view and its results should lead us to choose the best investment project. For CBA to be worked out of the best quality, it is necessary to focus on key aspects, without which this tool is useless and problems which arise when working on it. Important to identify differences between CBA and private-sector financial analysis, define the project itself and analyze cost and benefits including quantified socio-economic ones. Recent major problem are insufficiently prepared methodologies which make creating Cost-Benefit Analyses very difficult and make analyses themselves useless for decision-making. This paper proposes to describe CBA from its real benefit point of view, focus on the process of its creating and some problematic areas which have not been methodologically managed in the Czech Republic.	CBA, Cost-Benefit Analysis, Financial Analysis, Public projects, Structural Funds