evaluate cost

USAGE SUMMARY

The phrase "evaluate cost" is correct and usable in written English.
You can use it when discussing the process of assessing or determining the financial implications of a project, product, or service. Example: "Before we proceed with the project, we need to evaluate cost to ensure it fits within our budget."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

18 human-written examples

All Bowles and Simpson said on that subject is that the government should establish "a process to regularly evaluate cost growth".

The New York Times

Finally, this model was applied in the Iranian bank to evaluate cost efficiency.

Journal of Industrial Engineering International

To evaluate cost, outcome, and functional status of octogenarians and septuagenarians after cardiac surgery.

Chest

Tohidi and Khodadadi (2013) introduced a new model to evaluate cost efficiency of DMUs with negative data.

Journal of Industrial Engineering International

Drummond et al. recommended using the bottom-up microcosting method to evaluate cost components that have a great impact on total costs [16].

Health Economics Review

The method uses finite element solutions to Biot's equations for poroelastic materials and provides data to evaluate cost functions and gradients.

Journal of Sound and Vibration

Human-verified similar examples from authoritative sources

Similar Expressions

42 human-written examples

By comparing economic evaluation results with country-specific willingness to pay thresholds, decision makers can better evaluate cost-effectiveness of health interventions at a national level.

Cost Effectiveness and Resource Allocation

Here are some of the issues that Congress will need to evaluate: COST-SHIFTING The most disturbing element of both reports is that, in their efforts to show quick savings, they shift much of the burden from the federal budget to individuals or, in some cases, to states.

The New York Times

To evaluate cost-effectiveness of the treatment in predefined complex processes that require mechanical ventilation (MV).

Medicina Intensiva

How to evaluate cost-effectiveness of energy efficiency programs in a more comprehensive manner?

Energy Policy

To evaluate cost-effectiveness of the Tailored Activity Program TAPP) for individuals with dementia and family caregivers.

The American Journal of Geriatric Psychiatry

Expert writing Tips

Best practice

When using "evaluate cost" in a proposal or report, specify the methodology used for the evaluation to enhance credibility. For example, mention if you are using activity-based costing or a similar technique.

Common error

Avoid using "evaluate cost" interchangeably with "determine price". "Evaluate cost" involves a comprehensive assessment of expenses, while "determine price" focuses on setting a monetary value for a product or service.

Linguistic Context

The phrase "evaluate cost" functions primarily as a verb phrase, where 'evaluate' is the transitive verb and 'cost' is its direct object. It signifies the action of assessing or determining the monetary value or expenses associated with something. According to Ludwig, it is correct and usable in written English.

Expression frequency: Uncommon

Frequent in

Science

70%

News & Media

15%

Formal & Business

15%

Less common in

Social Media

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "evaluate cost" is a grammatically correct and commonly used term, particularly in scientific, news, and formal business contexts. According to Ludwig, it's appropriate for assessing and determining the expenses of a project or service. While alternatives like "assess expenses" and "analyze expenditure" exist, "evaluate cost" is a direct and professional way to convey the act of financial assessment. When using this phrase, be sure to specify the evaluation methodology for credibility and avoid confusing it with the act of determining a price.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

assess expenses

Focuses specifically on expenses, suggesting a detailed examination of expenditures.

analyze expenditure

Implies a systematic breakdown and examination of spending patterns.

determine price

Centers on establishing the monetary value, especially for products or services.

calculate outlay

Highlights the total sum of money spent, often in the context of investment.

estimate expenditure

Focuses on predicting future spending, often in budgeting.

examine price

Suggests scrutiny of the factors contributing to a specific price.

review budget

Implies an inspection of the current financial plan and its line items.

audit spending

Involves a formal and systematic verification of financial records.

gauge affordability

Emphasizes assessing whether something fits within a given financial capacity.

appraise investment

Focuses on assessing the potential returns and risks of a specific investment.

FAQs

What does "evaluate cost" mean?

"Evaluate cost" means to assess and determine the expenses associated with a project, product, or service. It involves a detailed analysis to understand the financial implications.

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

You can use "evaluate cost" in sentences like: "Before starting the project, we need to evaluate cost to ensure it aligns with our budget", or "The team will evaluate cost effectiveness of different marketing strategies".

What are some alternatives to "evaluate cost"?

Alternatives to "evaluate cost" include "assess expenses", "analyze expenditure", or "determine price", depending on the specific context.

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

Both "evaluate cost" and "assess cost" are valid. "Evaluate" implies a more detailed and comprehensive analysis, while "assess" suggests a general estimation. Choose the word that best reflects the depth of the analysis performed.