PRE-PUBLICA TION EDITION - Nelson Education

Once you have completed your research andidentified costs and benefits, you may conduct thecost–benefit analysis as follows:1. Create a table similar to Table 2.2. List costs and benefits.3. Rate each cost and benefit on a scale from 1 to5, where 1 represents the least important cost orbenefit and 5 represents the most important costor benefit.4. After rating each cost and benefit, add up theresults to obtain totals. If the total benefitsoutweigh the total costs, you may decide to goahead with the proposed solution.You could choose one of the following methods ofcommunicating your decision:• Write a report.• Give an oral presentation.• Make a poster.• Prepare a slide show.• Create a video (Figure 4).• Organize a town hall or panel discussion.• Create a blog or webcast.• Write a newspaper article.Table 2 Cost–Benefit Analysis of Using Land to Build a Seniors’Home with a Nature ParkCostsBenefitsPossibleresultCost ofresult(rate 1 to 5)PossibleresultBenefit ofresult(rate 1 to 5)land cannotbe used forsportsexpensive tomaintainnature parkwill be verysmallTotal costvalue2439seniors’ homeprovidesnecessaryhousingpark preservessome habitatfor plants andanimalspark increasesvalue of seniorshomeTotal benefitvalue4.C.6. CommunicatingYou might be told how you will communicate yourdecision. For example, your class might hold a formaldebate. Alternatively, you might be free to chooseyour own method of communication.54312Figure 4 Creating a video is an effective way to communicateinformation about an issue.Choose a type of presentation that will share yourdecision or recommendation in a way that is suitablefor your audience. For example, if your audience issmall, it might be easiest to present your decisionin person. An oral presentation is a good way topresent your decision to many people at one time.If your presentation includes visuals, ensure thatthey are large and clear enough for your audienceto see. Creating a poster or a blog allows people toread your recommendation on their own, but youmust find a way to let others know where to findthis information.622 Skills Handbook NEL