Cost Benefit Analysis for Agar Supply

CostBenefit Analysis for Agar Supply

InstitutionAffiliation:

CostBenefit Analysis for Agar Supply

TopicSelection-Cost Benefit Analysis

Agar Supply Incorporation is a company based in Taunton, U.S. withthe aim of leading the industry through provision of experience andawareness by distributing food and food services. In a bid to offeran excellent line of services, the CEO has requested the Departmentof Project Management, which I head to carry out feasibility studieson the projects that the company has undertaken i.e. opening newoffices, new distribution channels, and valuing the differentalternatives of attaining the projects. The analysis will help thecompany in determining the channels for fair distribution anddelivery of services.

PreliminaryResearch Sources

1. Arrow, K. J.,Cropper, M. L., Gollier, C., Groom, B., Heal, G. M., Newell, R. G.,… &amp Weitzman, M. L. (2012). How should benefits and costs bediscounted in an intergenerational context?. Resources for theFuture Discussion Paper, 12, 53.

This articlehighlights how managers and economists should discount costs andbenefits in intergenerational context. The article encompasses tools,principles, rates, formulas, and discounting parameters that oneshould use when analyzing costs and benefits in a project.

2. Bloch, M.,Blumberg, S., &amp Laartz, J. (2011). Delivering large-scale ITprojects on time, on budget, and on value. Harvard BusinessReview.

The articlecontends that projects especially those that align to IT have a highoverrun cost, which usually jeopardize companies. As such, thearticle highlights the need for effective teams, management of entirecompany, and use of best practices during analysis.

3. Nickel, J.,Ross, A. M., &amp Rhodes, D. H. (2009, June). Comparison of projectevaluation using cost-benefit analysis and multi-attribute tradespaceexploration in the transportation domain. In 2nd InternationalSymposium on Engineering Systems.

This articlecontains important information on the application of cost benefitanalysis in choosing the excellent design or project for a company.The article will provide extensive information on the variousapplications of CBA including the notion to explore the incentives,costs, and benefits of each different project.

4. Mircea, M.,Ghilic-Micu, B., &amp Stoica, M. (2011). Combining businessintelligence with cloud computing to delivery agility in actualeconomy. Journal of Economic Computation and Economic CyberneticsStudies, 45(1), 39-54.

The articleexplores the significance of cloud computing and technologies inanalyzing the costs and benefits of a specific project. As such, thearticle will shed light on the importance of technology in analyzingcosts and benefits.

5. Sunstein, C.R. (2013). The Real World Of Cost-Benefit Analysis: Thirty-SixQuestions (And Almost As Many Answers). Columbia Law Review,114, 167.

This articlecontains questions that a manager or an analyst need to ask himselfor herself when computing costs and benefits related to differenttasks. The article will help in presenting the most viable project tothe company

6. Walker, J.,Pan, E., Johnston, D., Adler-Milstein, J., Bates, D. W., &ampMiddleton, B. (2005). The value of health care information exchangeand interoperability. Health Affairs-Millwood Va Then BethesdaMa-, 24, W5.

The articleclaim that IT is highly significant in the management of projectsthus, the article will shed a lot of light on how one can ascertainthe costs and benefits related to projects by using IT.

Projectenvironment

The currentresearch will undertake to review all projects that the company haspreviously undertaken in order to have a comprehensive awareness onhow to assess costs and benefits of the different projects the firmwishes to undertake. The precise work environment is awell-established SME company engaged in food and food servicedistributions. The firm is in the process of undertaking projectsi.e. digitizing all its services, opening a new office, and foundinga new distributional facility or channel.

As such, thepaper will focus on the role of CBA in assessing the costs,incentives, and benefits of each project and their anticipatedlongevity thus, it will greatly help the firm in choosing the bestproject. The use of project analysis from other companies, accuracyof investments, and accuracy of individual estimates versus teamestimates will provide an extensive insight for the analysis.

References

Arrow, K. J., Cropper, M. L., Gollier, C., Groom, B., Heal, G. M.,Newell, R. G., … &amp Weitzman, M. L. (2012). How should benefitsand costs be discounted in an intergenerational context?. Resourcesfor the Future Discussion Paper, 12, 53.

Bloch, M., Blumberg, S., &amp Laartz, J. (2011). Deliveringlarge-scale IT projects on time, on budget, and on value. HarvardBusiness Review.

Nickel, J., Ross, A. M., &amp Rhodes, D. H. (2009, June). Comparisonof project evaluation using cost-benefit analysis and multi-attributetradespace exploration in the transportation domain. In 2ndInternational Symposium on Engineering Systems.

Mircea, M., Ghilic-Micu, B., &amp Stoica, M. (2011). Combiningbusiness intelligence with cloud computing to delivery agility inactual economy. Journal of Economic Computation and EconomicCybernetics Studies, 45(1), 39-54.

Sunstein, C. R. (2013). The Real World Of Cost-Benefit Analysis:Thirty-Six Questions (And Almost As Many Answers). Columbia LawReview, 114, 167.

Walker, J., Pan, E., Johnston, D., Adler-Milstein, J., Bates, D. W.,&amp Middleton, B. (2005). The value of health care informationexchange and interoperability. Health Affairs-Millwood Va ThenBethesda Ma-, 24, W5.