Cost Justification for Implementing EMIS pt 2

Conducting a Cost Benefit Analysis for an Enterprise Incident Management System.

This paper breaks down the accounting principles and techniques behind a formal Cost Benefits Analysis and helps the reader to apply them to a funding request. The calculation of Net Present Value of the required capital, Cost Benefit Ratio and Payback Period are outlined and utilized to develop an objective business case for implementing and effective EHS Management Information System (EMIS).

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Quantitative Elements of a Cost Benefit Analysis for an EMIS Implementation.

This white paper identifies the long term cost benefit analysis of EHS and sustainability software system. This article focuses on:

  • Financial calculation components
  • Benefits using reasonable estimates
  • Quantitative data from Net Present Value (NPV) calculations
  • Cost benefit ratios
  • Payback period identification