A cost-benefit analysis is a systematic evaluation method to assess the potential advantages and disadvantages of a proposed project or decision. It involves comparing the anticipated costs of an investment with the expected benefits, typically expressed in monetary terms. The goal of the analysis is to determine whether the benefits outweigh the costs, providing decision-makers with valuable insights to make informed choices and allocate resources efficiently.

The template is a useful resource for freelance consultants, as it provides a structured framework to assess project costs and benefits. It aids in presenting clear and objective analyses to clients, enhancing communication and justification of recommendations.