There are six steps for a cost-benefit analysis. These are the steps:
Step 1.
Understand the cost of status quo.
Step 2
Identify cost.
Step 3.
Identify benefits
Step 4
Determine the cost saving
Step 5
Create a timeline for expected costs and revenue
Step 6
Evaluate non-quantifiable benefits and costs
So those are the six steps that will help you produce a meaningful and actionable cost-benefit analysis