What analysis is conducted to determine if the results justify the costs of control measures?

A Cost-Benefit Analysis is a systematic approach used to evaluate the financial implications of various control measures. This analysis involves comparing the expected costs of implementing a particular control measure against the anticipated benefits or savings derived from that measure. The goal is to ascertain whether the benefits outweigh the costs, thereby justifying the expenditure on the control measures.

Conducting a Cost-Benefit Analysis enables decision-makers to make informed choices about resource allocation, prioritizing those initiatives that offer the greatest return on investment. This is particularly important in resource-constrained environments, such as emergency services or municipal operations, where funding may be limited and must be used effectively.

Other methods, such as Risk Assessment, may identify and evaluate potential hazards and the magnitude of risks involved but do not directly compare costs and benefits. Impact Evaluation focuses on understanding the broader effects of interventions rather than on specific financial justification. A Performance Review assesses the effectiveness of existing operations but does not provide an upfront analysis of costs versus benefits associated with new control measures. Thus, for the specific question of justifying costs against results, a Cost-Benefit Analysis is the most appropriate method.