cost analysis

USAGE SUMMARY

"cost analysis" is correct and usable in written English.
You can use it when referring to the process of determining the total cost associated with a project or product. For example, "It was essential to complete a cost analysis before starting the project to ensure it was economically feasible."

✓ Grammatically correct

Science

News & Media

Academia

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

59 human-written examples

A careful cost analysis.

The New York Times

60 acre pivot irrigation cost analysis.

Cornell University

Cost analysis was also undertaken.

Heart & Lung: The Journal of Acute and Critical Care

Please contact the manager of Cost Analysis for assistance.

Cornell University

A comparative cost analysis was also performed.

American Heart Journal

A simplified cost analysis is performed.

Journal of Cleaner Production

Process simulation and cost analysis were conducted.

Applied Energy

Only 1 study included cost analysis.

American Journal of Obstetrics and Gynecology

Her mother is a retired staff manager in cost analysis at AT&T in New York.

The New York Times - Style

The cost analysis, expected this week, could raise many other questions about the Finance Committee's package.

The New York Times

Human-verified similar examples from authoritative sources

Similar Expressions

1 human-written examples

Their deployment is subject to benefit-cost analysis.

Nature

Expert writing Tips

Best practice

When conducting a "cost analysis", clearly define the scope and include all relevant costs, both direct and indirect, to ensure an accurate assessment.

Common error

A common mistake is overlooking indirect costs, such as administrative overhead or opportunity costs, which can significantly impact the overall "cost analysis". Ensure these are included for a comprehensive view.

Linguistic Context

The phrase "cost analysis" primarily functions as a noun phrase, often serving as the subject or object of a sentence. It refers to the systematic process of determining the actual cost of a project, product, or service. Ludwig shows many examples in various domains, confirming its wide applicability.

Expression frequency: Very common

Frequent in

Science

47%

News & Media

27%

Academia

15%

Less common in

Formal & Business

8%

Reference

0%

Encyclopedias

0%

Ludwig's WRAP-UP

In summary, "cost analysis" is a commonly used noun phrase referring to the process of evaluating expenses, with Ludwig showcasing numerous examples across various domains. Its grammatical status is correct, and it's frequently used in science, news, academia, and business contexts. The phrase functions to convey the systematic evaluation of costs. Guidance includes best practices for scope definition and avoiding the oversight of indirect costs, with consideration of authoritative sources and semantically related alternatives. Ludwig AI confirms the term's broad applicability and correctness.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

value assessment

Emphasis on the value derived in relation to cost.

economic evaluation

Focuses more broadly on the economic implications, not just costs.

profitability analysis

Goes beyond cost, factoring in revenue and profit margins.

financial assessment

Implies a broader evaluation that includes assets and liabilities, not exclusively costs.

feasibility study

Addresses the practicality and likelihood of success of a project, considering costs.

budgetary review

Specifically refers to reviewing a budget, which is a plan rather than a pure analysis.

expenditure review

Implies a review of past spending.

expense examination

Highlights the examination of expenses, a subset of a full cost analysis.

pricing study

Centers on pricing strategies and their effects on cost and revenue.

fiscal investigation

Suggests a formal inquiry into financial matters.

FAQs

How to use "cost analysis" in a sentence?

"Cost analysis" is used to describe the process of evaluating the expenses associated with a project or service. For example, "The company performed a "cost analysis" to determine the profitability of the new product line."

What is the purpose of conducting a "cost analysis"?

The purpose of a "cost analysis" is to identify and evaluate all the costs associated with a particular project or decision, providing insights that help in making informed choices. This includes considering both direct and indirect costs to determine overall economic feasibility.

What are some alternatives to "cost analysis"?

Alternatives include "economic evaluation", "financial assessment", and "feasibility study", each having slightly different focuses but relating to financial assessments.

What are the key components of a thorough "cost analysis"?

A thorough "cost analysis" typically involves identifying all direct and indirect costs, quantifying those costs, and then analyzing the data to provide insights into the overall economic impact. It may also include comparing different cost scenarios or evaluating the cost-effectiveness of various options.