This paper highlights a model for determining the cost and benefits (CBA) analysis of a green fertilizer technology development research program in Malaysia. A five-stage process model for the Cost-Benefit Analysis is developed to focus on the value of several projects undertaken within the research program. The five stages of the CBA model are to: (i) identify the deliverable of each project; (ii) identify the advantages and disadvantages (opportunity cost) of each deliverable; (iii) qualify the advantages; (iv) quantify the advantages and; (v) monetize the advantages. The above-mentioned five stages CBA model has helped researchers to monetize the direct and indirect benefits expected to be delivered by the green fertilizer technology development research program. Copyright © 2016 International Business Information Management Association