Cost benefits analysis

Cost Benefit Analysis Name Professor Course Date Cost Benefit Analysis Cost benefit analysis is a popular method in appraising project from national point of view. It involves enumeration, comparison and evaluation of benefits and cost implies weighing of returns against the involved in a project. CBA purports to describe and give social advantage in terms of efficiency, profit in terms of monetary units. We use cost benefit ration in evaluating a project. This is ratio of whether or not and how much benefit or profit will result from investing in the project. It`s calculated by taking net present value of expected future flows from the project and diving by the project`s initial cost. A ration greater than one indicates that he project will be profitable while below one indicates it will not be profitable. In 1960s to late 1980s computers were using a two digit in representing ear rather than 4 digits. This was to save computer memory space and disk as this resource were expensive in those times. In the year 90s major short comings were realized in computer application software. In year 2000 computers could interpret 00 as 1900 messing up all the computing work. This threatened all...