Technology Evaluation Cost Benefit Analysis

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Technology Evaluation Interest Group

A Group aimed to enhance the collaboration between Technology Parks and SME's in the field of Technology Evaluation, facilitating Transfer of Technology within clusters and consortiums.

What is Technology Evaluation?

Technology evaluation is a set of principles, methods and techniques/tools for effectively assessing the potential value of a technology and its contribution to a company, a region or an industrial sector.

It is one of the most significant methodologies in innovation and technology transfer, utilised in screening new ideas, assessing innovative or not innovative products and technologies.

It is a powerful technique for an organization in examining new ideas, identifying and analyse causes or potential change, develop and plan possible solutions, and finally select and implement a proposed technology.


 

Cost Benefit Analysis Methodology

Cost Benefits Analysis aims to facilitate decision makers choose between alternative solutions in a way that the chosen alternative is the most cost-effective within the context of budgetary and political considerations.

The following paragraphs explain some specifications on the requirements of this tool and the way it works.

Getting Started with the CBA Tool

Learn how to use the tool

Take our step-by-step guided tour through the use of the Cost Benefit Analysis tool. See how easy it is to:

  • Create a new project.
  • Evaluate the potential risks, fixed costs, operational costs and benefits of the project.
  • Compare the outcomes of two or more alternative cost/benefit scenarios of the same project.

Go inside a CBA project

Explore a sample project and find out most of the CBA tool's features.


 

Demonstrations

Learn how to use the Cost Benefit Analysis tool during the process of: