value for money: business cases – demystifying the Benefit-Cost Ratio
Business cases are useful tools for deciding how to best spend public funds. They can seem complicated because of their technical language and financial jargon. The Net Present Value (NPV) and Benefit-Cost Ratio (BCR) are important figures in business cases that help determine if the benefits of a project are worth the costs over time. In this short video, we will focus on decoding the BCR: what it means, how to calculate it, and how to interpret it to inform better investment decisions.