<aside> 👋 Hey there! Alex on the line. This simple template can be used to perform cost-benefit analysis in seconds and visualise it to add more clarity to your communication when you’re trying to decide whether a particular project is worth it or trying to get stakeholders’ buy-in for your initiative. Read the instructions below to learn how it functions.

🚨 Be aware: investing money into a project is serious business, and this template is by no means a replacement for expert advice on whether a particular investment is good or not. If your project is complex and spans more than a year, read point 8 in the instructions toggle.

🛠 If you find this template helpful, you can find even more powerful tools in my Gumroad profile. If you’d like to reach out, drop me a letter over at [email protected]!

💪 Keep managing!

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Project: Revamped employee training program

🟥 Costs

🟩 Benefits

🧮 Further calculations

<aside> 💡 Pro tip: if you’d like to compare two or more projects, simply:

  1. Click ‘new’ at the bottom of the costs, add a name like ‘Divider’ or ‘——’. Then repeat ‘new’ and add the second project’s costs one after another.
  2. Do the same for benefits.
  3. Click on ‘Sum’ underneath each table and change to ‘None’ so as not to calculate the different projects’ net values together.
  4. Scroll down to ‘Further calculations’, click ‘new’, give the new calculation line a name like ‘Project 2’, change the original line’s name as well for added clarity.
  5. Enter the newly added costs and benefits for the second project in the ‘Costs’ and ‘Benefits’ fields.
  6. Enter the inflation rate.
  7. You’re done! Great work 😎

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