Manning, MatthewGerben BruinsmaDavid Weisburd2015-12-079781461456896http://hdl.handle.net/1885/21109This chapter summarises the major steps used in CBA. It includes a discussion of incremental cost-comparison analysis, the optimal choice of programme and incremental cost-analysis. Nine steps are identified and described: (1) specifying alternatives, (2) deciding whose costs and benefits to include, (3) deciding what costs to count, (4) identifying impacts and selecting indicators, (5) predicting impacts over the lifetime of the proposal, (6) monetisation of costs and benefits, (7) discounting costs and benefits for present values, (8) computation of net present value, and (9) production of sensitivity analysis.201410.1057/9781137588654_52020-12-27