What is the term for the assessment of whether performing an action will yield a positive or negative result?

The term that refers to the assessment of whether performing an action will yield a positive or negative result is known as Risk-Benefit Analysis. This analysis involves evaluating the potential risks associated with a particular action against the potential benefits it may provide. It helps in decision-making by clarifying whether the expected advantages outweigh the possible downsides.

In practical terms, Risk-Benefit Analysis is commonly used in various fields, including healthcare, project management, and safety assessments. By systematically weighing both risks and benefits, stakeholders can make informed choices that better align with their goals and safety considerations.

In contrast, Impact Analysis focuses on the broader effects of a decision, often without directly comparing positive and negative outcomes. The Benefit-Cost Ratio quantifies the benefits of an action as compared to its costs, but it does not specifically assess risks. Cost-Effectiveness Analysis is primarily concerned with the costs involved in achieving a specific outcome rather than the potential risks and benefits of an action.