Which analysis compares the costs of deploying a solution to the benefits gained?

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Multiple Choice

Which analysis compares the costs of deploying a solution to the benefits gained?

Explanation:
Cost/benefit analysis weighs what you spend against what you gain. It involves listing all costs of deploying a solution—hardware, software licenses, implementation, training, downtime—and all benefits, such as reduced risk, fewer incidents, improved productivity, and potential revenue or cost savings. By quantifying these factors (even if some benefits are intangible and estimated), you can compare the total costs to the total benefits over a period to decide if the project is financially worthwhile. In security decisions, this helps justify the investment by showing whether the expected benefits exceed the costs. Benchmark compares performance to a standard or best practice, not the economic trade-off. Latency is a measure of time delay in a system, not a cost-benefit calculation. KPI are performance indicators used to track how well something is doing, and while they can reflect outcomes, they don’t inherently compare costs to benefits.

Cost/benefit analysis weighs what you spend against what you gain. It involves listing all costs of deploying a solution—hardware, software licenses, implementation, training, downtime—and all benefits, such as reduced risk, fewer incidents, improved productivity, and potential revenue or cost savings. By quantifying these factors (even if some benefits are intangible and estimated), you can compare the total costs to the total benefits over a period to decide if the project is financially worthwhile. In security decisions, this helps justify the investment by showing whether the expected benefits exceed the costs.

Benchmark compares performance to a standard or best practice, not the economic trade-off. Latency is a measure of time delay in a system, not a cost-benefit calculation. KPI are performance indicators used to track how well something is doing, and while they can reflect outcomes, they don’t inherently compare costs to benefits.

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