What is it called when comparing the cost of creating a curriculum to the cost of purchasing an existing curriculum?

The correct term for comparing the cost of creating a curriculum to the cost of purchasing an existing curriculum is a cost/benefit analysis. This process involves evaluating the financial implications of both options to determine which would be more economically viable.

In this context, a cost/benefit analysis entails calculating not only the monetary costs associated with development and implementation of a new curriculum but also the potential benefits that could arise from using either an original or existing curriculum. This analysis helps educators and administrators make informed decisions by weighing the expected benefits against the incurred costs, ensuring that resources are utilized effectively to enhance educational outcomes.

Other terms may relate to broader analyses or specific types of evaluations but do not focus directly on comparative costs between creation and purchase in the same way. For example, market analysis typically involves examining supply and demand trends rather than directly comparing costs. Resource allocation analysis focuses on the distribution of resources and does not specifically address the cost aspects of curriculum development. Feasibility analysis assesses the practicality of a project but may not directly weigh costs against benefits in the same manner as a cost/benefit analysis does.