A cost analysis is the process of assessing the total cost of a project, program, product, or service. It involves identifying and estimating all the costs associated with the project, including direct and indirect costs, fixed and variable costs, and one-time and ongoing costs. Cost analysis is used to help organizations make informed decisions about whether to proceed with a project or program, and to estimate the budget needed to complete it. It is an important tool for financial planning and risk management, and it helps organizations to identify ways to optimize their costs and reduce waste.
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