Organizations, public or private, are attracted by larger and more important investments, materialized in short or long term investment projects (with own or non-refundable financing). The opportunity and viability of these projects must still be considered in the design phase, before starting the actual investment, being considered viable in this sense the Cost-Benefit Analysis (CBA). The article presents the CBA as a procedure for evaluating the efficiency of the invested capital, in monetary values, in order to support the managerial decisions regarding the remuneration of the personnel, the acquisition of equipment, the accomplishment of arrangements and constructions, etc. Existing literature emphasizes the obvious opportunities and benefits of CBA (both for the beneficiary and for the investor), but avoids underlining its limitations by correlating the possibility of manipulating the information in favour of the beneficiary, avoiding highlighting the associated risks and errors.


Cost-Benefit Analysis, efficiency, investment


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