One of the most critical areas of financial management is analysis and control of costs. It represents half the financial equation. Cost analysis is also called economic evaluation, cost allocation, efficiency assessment, cost benefit analysis or cost effectiveness analysis. Cost analysis can provide estimates of what a programs cost and benefits are likely to be before it is implemented. Analysis may be considered as an extension of an impact or outcome evaluation, but it cannot the take place of one.
Key words: Cost Analysis, Financial Management, Cost Allocation.
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