CBM (Cost - Benefit Analysis and Management) Conceptual Diagram Template

Designed with EdrawMax, this template focuses on CBM. It begins by highlighting that CBMs have become a popular, cost - effective, and simple tool for handling unanticipated situations. The diagram branches into various areas of consideration. It examines aspects like “Quick and effective response” and “Response to unanticipated emergencies,” looking at factors such as “Time - saving in emergency response” and “Increasing the effectiveness of response options.” It also delves into “Social acceptance” and “Legal compliance,” considering elements like “Long - term time frame for approval” and “Government recognition of CBMs.” Additionally, it touches on “Knowledge discovery” and “Data - driven optimization,” with points like “Making big data more visible” and “Creation of assessment which highlights advantages instead of issues.” This visual guide aids in understanding the multifaceted nature of CBM in decision - making and management.