Cost-benefit analysis in Project Management is the process of estimating the costs and benefits of particular sets of actions in a given project. Each task or process in any project will have a set of relevant costs and projected benefits. In its simplest form, a CBA considers all the potential options for a particular task to establish the option that gives the most benefit for the least cost. Typical steps that are followed while performing a CBA include:  Identify the available options Determine the benefits of each option Determine the costs of each option Calculate the Return on Investment for each option