5 ANALYTICAL METHODS

Question 1

What are the 5 analytical methods?

Answer 1

1. SWOT Analysis
2. PEST Analysis
3. CBA ANALYSIS
4. CEA Analysis
5. SEU Analysis

Question 2

-conceived
originally to aid decision makers in the areas of business and industry. But due to its universal
application, it is also widely used in many other areas, such as education and health development,
and even personal development as long as strategic decision-making is needed.

Answer 2

SWOT Analysis
(strengths, weaknesses, opportunities, and threats)

Question 3

-There have been variants of PEST analysis, SLEPT, PESTEL or PESTLE, STEEPLE and STEEPLPED.
- it serves as the important considerations in identifying the opportunities (the external positive factors) and threats (the external negative factors) in a SWOT analysis.

Answer 3

PEST Analysis
(political, economics, social, and technological)

Question 4

CBA ANALYSIS (Cost-benefit analysis)

Answer 4

-systematic method or process of calculating he strengths (benefits, advantages) and weaknesses (costs,
disadvantages) of each of the alternative solutions to a given problem in monetary values.

Question 5

-proceeds in the same way in CBA in the sense that it is likewise a systematic method for weighing the strengths and weaknesses of the
alternatives in a given problem.

Answer 5

CEA Analysis
(Cost-effectiveness analysis)

Question 6

• Utility is either positive or negative if the outcome does promote the interests or satisfies the preferences of the decision maker, the utility is
  positive; if it does not, it is negative.

Answer 6

SEU Analysis
(Subjective expected utility)