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The difference between a benefit-cost analysis (BCA) and a Loss Avoidance Study (LAS) is:

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Question: The difference between a benefit-cost analysis (BCA) and a Loss Avoidance Study (LAS) is:

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  1.  There is no difference because a BCA and LAS are the same.
  2.  A BCA and LAS are the same thing, except that one is an analysis and the other is a report.
  3.  BCA demonstrates the cost-effectiveness of FEMA’s mitigation programs, while an LAS analyzes hazard risk.
  4.  A BCA is completed during the grant application phase for a proposed mitigation measure, while an LAS is completed after a project has been tested by the hazard event it was designed for.

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4. A BCA is completed during the grant application phase for a proposed mitigation measure, while an LAS is completed after a project has been tested by the hazard event it was designed for.

The difference between a benefit-cost analysis (BCA) and a Loss Avoidance Study (LAS) is that a BCA is completed during the grant application phase for a proposed mitigation measure, while an LAS is completed after a project has been tested by the hazard event it was designed for.

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