(Cost-Benefit Analiza (Cost-Benefit Analysis)

Abstract

Serbian Abstract: Cilj ovog priručnika je da se objasne pristupi za ocenu isplativosti i izbor predloga projekata, predviđeni pravilima Evropske unije. U tom smislu, osnova za njegovo pisanje je bio dokument koji je jula 2008. godine objavila Evropska komisija, pod nazivom Vodič za cost-benefit analizu projekata ulaganja. Uputstva iz ovog vodiča su dopunjena drugim izvorima i objašnjena na primerima. Budući da mnogi propračuni u vezi sa cost-benefit analizom zahtevaju dobro poznavanje matematike i dosta vremena, ukazano je na mogućnosti primene Microsoft Excel programa za ove svrhe.

Budući da se cost-benefit analiza jako oslanja na procene, koje nisu uvek dovoljno precizne i realne, u ovom priručniku je posebna pažnja posvećena proceni rizika u vezi sa projektima ulaganja. Takođe, s obzirom na to da jedan od osnovnih zahteva cost-benefit analize, novčano izražavanje faktora analize, ne može uvek biti ispunjen, ukazano je na nekoliko pristupa oceni i izboru alternativa ulaganja, primenjivih u ovakvim slučajevima. Ova dodatna pitanja, koja sve više dobijaju na značaju, pod uticajem rastuće neizvesnosti i složenosti savremenog poslovnog okruženja, treba da omoguće sagledavanje ograničenja cost-benefit analize i mogućnosti za njihovo prevazilaženje.

English Abstract: The aim of this handbook is to explain approaches for assessing and selecting project proposals in accordance to the European Union rules. The basis for its writing is a document entitled "Guide to Cost-benefit Analysis of Investment Projects" published by the European Commission in July 2008. Instructions from this guide are complemented by other sources and explained by the use of examples. Because the calculations in connection to the cost-benefit analysis require a good knowledge of mathematics and a lot of time, handbook points to the possibility of applying Microsoft Excel for this purpose.

Since the cost-benefit analysis relies heavily on estimates, which are not always sufficiently precise and realistic, handbook explains the risk assessment in relation to the investment projects. Given that one of the basic requirements of cost-benefit analysis - monetization, can not always be met, handbook points to several approaches for evaluating and selecting project proposals applicable in such cases. These additional topics, which are increasingly gaining in importance under the influence of the uncertainty and complexity of the modern business environment, should allow to understand the limitations of the cost-benefit analysis and the possibilities for overcoming them.

Note: Downloadable document is in Serbian.

Keywords: Cost-benefit analysis, European Union, Instrument for Pre-Accession, economic analysis, financial analysis