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help me write this in a simpler way: Cost-Benefit Analysis Process: The cost-benefit analysis process in determining whether to fund a capital improvement or expenditure
help me write this in a simpler way: Cost-Benefit Analysis Process: The cost-benefit analysis process in determining whether to fund a capital improvement or expenditure involves several steps: Step 1: Identify the Costs: This includes all the expenses associated with the project, such as initial investment, maintenance costs, and any other related expenses. Step 2: Identify the Benefits: This includes all the potential gains from the project, such as increased efficiency, reduced crime rates, or other benefits that align with the goals of the criminal justice system. Step 3: Compare Costs and Benefits: Once all costs and benefits have been identified, they should be compared. If the benefits outweigh the costs, it may be a good idea to proceed with the project. Step 4: Perform a Sensitivity Analysis: This involves changing the variables to see how they affect the outcome. This helps to understand the risks involved and to make a more informed decision
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