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Abstract
Benefits Analysis has been evolving over the past decade from roots in multi-criteria analysis, causal mapping and multi-methodology. It has now reached a level of maturity such that it deserves to be treated as a method in its own right, and this paper seeks to document the method and provide guidance on its use. Benefits Analysis is a systematic method for formulating complex, multi-factor investment appraisal problems where decision-makers seek to realize non-financial benefits. Such decision problems abound in military OR, particularly the management of equipment capability and research. Benefits Analysis connects qualitative and quantitative OR methods and facilitates robust assessment, including multi-methodology. This paper describes the principles of Benefits Analysis and discusses its application to a variety of real problems, including research management, capability management, balance of investment, business case development and benefit quantification strategies.
© British Crown copyright - Dstl 2004 - published with the permission of the Controller of Her Majesty's Stationery Office.
Crown copyright © Dstl/2002. Published with the permission of the Controller of Her Britannic Majesty's Stationery Office. Reference DSTL/JA05676. The views expressed in this paper are those of the authors and do not necessarily represent those of the UK Ministry of Defence or HM Government.
© British Crown copyright - Dstl 2004 - published with the permission of the Controller of Her Majesty's Stationery Office.
Crown copyright © Dstl/2002. Published with the permission of the Controller of Her Britannic Majesty's Stationery Office. Reference DSTL/JA05676. The views expressed in this paper are those of the authors and do not necessarily represent those of the UK Ministry of Defence or HM Government.
Acknowledgements
The author gratefully acknowledges the help of Peter Harvey of QinetiQ for his invaluable advice and support in preparing this paper. The support and advice of many colleagues at the Defence Science and Technology Laboratory and in the wider MoD have also been critical in the development of the ideas presented here.