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There are six steps for a cost-benefit analysis. These are the steps:

Step 1.
Understand the cost of status quo. 

Step 2
Identify cost.

Step 3. 
Identify benefits

Step 4
Determine the cost saving

Step 5
Create a timeline for expected costs and revenue

Step 6
Evaluate non-quantifiable benefits and costs

So those are the six steps that will help you produce a meaningful and actionable cost-benefit analysis


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