Conducting a CBA generally involves the following steps:
Identify the Problem: Clearly define the nursing intervention or practice to be evaluated. List Costs and Benefits: Enumerate all potential costs and benefits associated with the intervention. Assign Monetary Values: Quantify costs and benefits in monetary terms. This can be challenging, especially for intangible benefits. Calculate Net Benefit: Subtract total costs from total benefits to find the net benefit. Sensitivity Analysis: Test the robustness of the results by changing key assumptions or variables.
