# Commission Implementing Regulation (EU) 2015/207 of 20 January 2015 laying down detailed rules implementing Regulation (EU) No 1303/2013 of the European Parliament and of the Council as regards the models for the progress report, submission of the information on a major project, the joint action plan, the implementation reports for the Investment for growth and jobs goal, the management declaration, the audit strategy, the audit opinion and the annual control report and the methodology for carrying out the cost-benefit analysis and pursuant to Regulation (EU) No 1299/2013 of the European Parliament and of the Council as regards the model for the implementation reports for the European territorial cooperation goal, Division 1.3

Extent: E+W+S+N.I.

A CBA shall comply with the following principles:
CBA must be performed against predetermined policy objectives;
CBA requires to define the relevant social context and perspective (local, regional, national, transboundary, global);
CBA requires a common measurement unit (usually monetary);
CBA requires a comparison of a scenario of the new investment with a scenario without the new investment (incremental analysis);
CBA requires to state a reference period relevant for the project;
CBA requires consideration of residual values of investment;
CBA requires a risk assessment to deal with uncertainty.

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Source: https://www.legislation.gov.uk/eur/2015/207/annex/III/division/1/division/1.3 (the official version)
Page: https://openlegislation.uk/eu-regulation-2015-207/annex-III/division-1/division-1.3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.