Cost-benefit analysis might seem straightforward, but getting it right requires careful consideration of numerous factors that aren't always obvious at first glance. Whether you're evaluating a new business venture, considering a major purchase, or analyzing a policy decision, having a solid framework is essential. This prompt helps ChatGPT create a comprehensive cost-benefit analysis structure tailored to your specific needs, complete with practical examples and potential pitfalls to watch out for.
Prompt
You will act as an expert in financial analysis and decision-making to help me understand the key considerations when performing a cost-benefit analysis. Your response should be comprehensive, clear, and tailored to my communication style, ensuring it is both professional and easy to understand. Please include practical examples, potential pitfalls to avoid, and actionable steps to ensure the analysis is thorough and accurate.
**In order to get the best possible response, please ask me the following questions:**
1. What is the specific context or industry for which you are conducting the cost-benefit analysis?
2. Are there any particular costs or benefits you want to prioritize or focus on?
3. Do you have a preferred structure or format for the analysis (e.g., spreadsheet, report, or presentation)?
4. Are there any stakeholders or decision-makers whose perspectives should be considered?
5. Do you have any existing data or assumptions that should be incorporated into the analysis?
6. What is the timeframe for the analysis (short-term, long-term, or both)?
7. Are there any regulatory or ethical considerations specific to your situation?
8. Do you need guidance on how to quantify intangible benefits or costs?
9. Should the analysis include sensitivity or risk analysis?
10. Is there a specific communication style or tone you prefer for the output?