assess cost

USAGE SUMMARY

"assess cost" is a correct and usable phrase in written English.
It is commonly used in business contexts to refer to the process of calculating the expenses or costs associated with a particular activity or decision. For example, "We need to assess the cost of launching this new product in order to determine if it will be profitable."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

22 human-written examples

Their goal was to create a tool for better assessing the impact on water use of decisions made up and down the industrial supply chain, just as one might assess cost or carbon footprint.

The New York Times - Science

To assess cost effectiveness of radioembolization versus conventional transarterial chemoembolization.

Journal of Vascular and Interventional Radiology

(3) To assess cost related to extra-cardiac examinations.

European Journal of Radiology

Additionally, those polled stated they wanted a better way to identify and assess cost inefficiencies in their IT departments as well as giving their business units more information to control their IT demand.

TechCrunch

To assess cost impact, the NREL Cost and Scaling Model was modified to improve accuracy and robustness for offshore wind farms with large turbines.

Applied Energy

The objective of this study was to assess cost effectiveness, over 12 months, of the Kids in Transition to School (KITS) intervention compared to usual services available to children in a foster care control group (FCC).

Children and Youth Services Review

Human-verified similar examples from authoritative sources

Similar Expressions

38 human-written examples

Future research in this area will also need to incorporate detailed health economic assessments to assess cost-effectiveness.

BMC Family Practice

While NICE undertakes a combined appraisal of clinical and cost-effectiveness G-BA/IQWiG does not assess cost-effectiveness at the early stage of benefit assessment.

Health Economics Review

The PREVA study provided data from an 8-week period, which were extrapolated to assess cost-effectiveness over 1 year.

The Journal of Headache and Pain

Variability between studies in study perspective, time horizon, setting, comparators, included costs and interventions makes it difficult to compare and assess cost-effectiveness between alternative strategies.

Health Economics Review

In this paper, a method was proposed to assess cost-effectiveness of insulated exterior walls of residential buildings in cold climate.

International Journal of Project Management

Expert writing Tips

Best practice

When using "assess cost" in project management, ensure all direct and indirect costs are considered for a comprehensive evaluation.

Common error

Avoid solely focusing on the monetary amount. Always consider the value or benefit gained from the expenditure when you "assess cost".

Linguistic Context

The primary grammatical function of "assess cost" is as a verb phrase, where "assess" acts as the verb and "cost" functions as the direct object. This phrase describes the action of evaluating or determining the expense associated with something. Ludwig provides examples of its use in various contexts.

Expression frequency: Common

Frequent in

Science

60%

News & Media

20%

Formal & Business

20%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "assess cost" is a grammatically sound and commonly used expression, especially in professional and scientific settings. As Ludwig AI highlights, its function is to evaluate the monetary implications of something. The contexts in which it most frequently appears are science, news and media, and formal business settings. Alternatives such as "evaluate expenses" or "determine the price" can be used depending on the desired level of formality or precision. When using "assess cost", it's crucial to consider both direct and indirect costs, while also remembering to evaluate the value gained from the expenditure to avoid a solely monetary-focused approach.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

evaluate expenses

Replaces "cost" with a synonym "expenses" and "assess" with "evaluate", implying a formal judgment.

determine the price

Substitutes "assess cost" with "determine the price", focusing on the pricing aspect.

calculate expenditure

Replaces "assess" with "calculate" and "cost" with "expenditure", suggesting a more precise computation.

estimate financial burden

Replaces "cost" with the more comprehensive "financial burden", emphasizing the overall financial impact.

analyze monetary value

Focuses on analyzing the value in monetary terms.

gauge the outlay

Uses less common terms like "gauge" and "outlay" to express a similar concept.

ascertain monetary implications

Emphasizes understanding the broader financial implications rather than just the immediate cost.

appraise the financial impact

Focuses on a formal evaluation of the financial effects.

quantify the expense

Highlights the act of measuring and assigning a numerical value to the cost.

check the charges

More direct and simple substitution, focusing on verifying the billed amount.

FAQs

How can I use "assess cost" in a sentence?

You can use "assess cost" to describe the process of evaluating the expenses associated with something, such as "We need to "assess cost" before proceeding with the project".

What are some alternatives to "assess cost"?

Alternatives include "evaluate expenses", "determine the price", or "calculate expenditure", depending on the specific context.

Is it better to "assess cost" or "evaluate cost"?

"Assess cost" and "evaluate cost" are often interchangeable, but "assess" implies a more initial or general evaluation, while "evaluate" suggests a more detailed or in-depth analysis.

What's the difference between "assess cost" and "determine cost"?

"Assess cost" implies an evaluation or estimation, while "determine cost" suggests a more precise calculation or confirmation of the actual expense.