cost implication

USAGE SUMMARY

"cost implication" is a correct and usable phrase in written English.
You can use it when referring to the financial repercussions or consequences of an action. For example, "The cost implication of implementing this new software is too great for our budget."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

35 human-written examples

But Lodziak warns there is a cost implication involved with using API.

The Guardian

There is no cost implication if marriage secretaries in synagogues undertake this function.

The Guardian - Opinion

The growth drive comes with a significant cost implication as Mail Online's headcount continues to swell, with numbers up 35% from 460 to 620 year-on-year.

The Guardian

There are conflicts between the Immigration Act and local authorities' statutory obligations, and the added cost implication if they do have to provide some form of support.

The Guardian

Previous measures of CSR fail to incorporate the cost implication of fixing customer complaints/issues; however, we include this important and unique measure in our research.

Expert Systems with Applications

Upping the target by effectively nearly half again in another ten years' time is simply not pragmatic right now without an understanding of the as-yet-unquantifiable cost implication".

The Guardian

Human-verified similar examples from authoritative sources

Similar Expressions

25 human-written examples

Cost implications are promising.

Desalination

Maintainability and cost implications are outlined.

IFAC Proceedings Volumes

This would have considerable cost implications for healthcare providers.

European Journal of Operational Research

Even the measures that are being proposed will have considerable cost implications.

The Guardian

Ministers receive no feedback on their performance and never assess the cost implications of their actions.

The Guardian

Expert writing Tips

Best practice

When discussing project feasibility or policy decisions, use "cost implication" to clearly signal that financial considerations are a key factor. For example, 'Before proceeding, we must carefully analyze the cost implication of this expansion'.

Common error

Don't limit your analysis to immediate expenses. The "cost implication" may extend to long-term maintenance, operational costs, and potential liabilities. Consider the full lifecycle cost.

Linguistic Context

The phrase "cost implication" functions as a noun phrase, typically serving as the subject or object of a sentence. It identifies the financial consequences or considerations associated with a specific action, decision, or situation. Ludwig AI confirms that the phrase is correct and frequently used in various writing contexts.

Expression frequency: Uncommon

Frequent in

Science

40%

News & Media

30%

Formal & Business

10%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "cost implication" is a noun phrase used to denote the financial consequences of a decision or action. Ludwig AI confirms its correctness and its usage in various formal contexts, as exemplified by academic, news, and business sources. While alternatives like "financial consequence" or "economic impact" exist, "cost implication" specifically highlights the monetary aspect. When using this phrase, ensure a comprehensive analysis that considers both immediate and long-term costs for greater accuracy.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financial consequence

Focuses on the financial result or outcome.

economic impact

Emphasizes the broader economic effect.

monetary consequence

Stresses monetary aspect of the result or outcome.

budgetary effect

Highlights the effect on a budget.

economic consequence

Highlights economic results

fiscal ramification

Uses more formal language to denote consequences.

expenditure effect

Focuses on the changes in spending habits.

financial burden

Stresses the negative financial weight or obligation.

pricing effect

Highlights the effect in terms of pricing

investment implication

Emphasis on the investment and its associated costs

FAQs

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

You can use "cost implication" to refer to the financial impact or consequence of a decision or action. For example, "The "cost implication" of the new policy needs to be carefully considered".

What are some alternatives to "cost implication"?

Alternatives to "cost implication" include "financial consequence", "economic impact", or "budgetary effect". The best choice depends on the specific context.

Is it correct to say "costs implication" instead of "cost implication"?

While "cost implication" is more common, "costs implication" is also grammatically acceptable, particularly when referring to multiple costs. However, "cost implication" is generally preferred for a more singular and direct meaning.

What's the difference between "cost implication" and "cost impact"?

"Cost implication" refers specifically to the financial repercussions or consequences, whereas "cost impact" can refer to the broader effects, not just financial ones. Although in many context they can be used intercheangeably.