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cost-benefit analysis
(redirected from Build Versus Buy)

   Also found in: Medical, Financial, Encyclopedia, Wikipedia 0.01 sec.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.cost-benefit analysis - an analysis of the cost effectiveness of different alternatives in order to see whether the benefits outweigh the costs
analytic thinking, analysis - the abstract separation of a whole into its constituent parts in order to study the parts and their relations
Translations
cost-benefit analysis tˌbenəfɪtəˈnæləsɪs] NanĂ¡lisis m coste-beneficio or (LAm) costo-beneficio


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The complexity surrounding large commercial risks has historically meant that it's easier to build your own, and a lot of insurers coming to us now in this line of business are saying, "It's come to the natural end of its lifecycle, should we build versus buy," because they've never considered buying off the shelf and there are a number of solutions coming out of the London market capable of doing that.
In this case however the value of this information is often only academic as in many areas the choice to build versus buy is just not common, practical, or available, making this approach inapplicable.
However, as with any build versus buy strategy, the art is not in simply acquiring the product but in combining the technology into a cohesive integrated offering.
 
 
 
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