The greatest difficulty with cost-benefit analysis of a public project is determining
A)whether government revenue is sufficient to cover the cost of the project.
B)which contractor should be awarded the project.
C)the cost of the project.
D)the value or benefit of the project.

Question

Quizplus · Accepted Answer

While determining the cost of the project is certainly a crucial aspect of cost-benefit analysis, the greatest difficulty lies in determining the value or benefit of the project. It can be difficult to quantify the intangible benefits of a public project, such as the positive impact on community well-being or the environment. Additionally, different stakeholders may have different opinions on the value of the project, making it a complex and challenging aspect of cost-benefit analysis.

The Greatest Difficulty with Cost-Benefit Analysis of a Public Project