What is an essential outcome of performing a Cost-Benefit Analysis?

Determining the feasibility of control measures is a critical outcome of performing a Cost-Benefit Analysis (CBA) because this analysis allows decision-makers to evaluate the potential benefits of implementing specific control measures against the associated costs. By systematically weighing these factors, organizations can understand whether the proposed measures are economically viable and worthwhile compared to their impacts and benefits.

For instance, in a situation where a new fire suppression system is being considered, a CBA would analyze the costs involved in purchasing and installing the system against the expected benefits, such as reduced property damage and enhanced safety. Through this lens, stakeholders can assess whether the investment makes sense financially, leading to informed decision-making regarding resource allocation.

The other options, while important in their contexts, do not directly relate to the primary focus of Cost-Benefit Analysis. Identifying funding needs is part of financial planning but does not reflect the outcome of a CBA itself. Measuring community engagement pertains more to public outreach and involvement, while assessing staff performance is focused on employee evaluation rather than the economic assessment necessary for CBA. Thus, the primary objective of CBA is to determine feasibility, making that answer particularly relevant.