Date and time: Monday 7th November AND Monday 14th November 2022, 10.00am to 1.30pm AEST (registration from 9.45am) Registrants are to attend both sessions. (full day workshop - 2 sessions)
Venue: Via Zoom. Details will be emailed to registrants just prior to the workshop start time
Facilitator: David Marchant
Register online by: 3 November 2022. Spaces limited to 25 participants
Purpose of Workshop
Cost-benefit analysis (CBA) is an appraisal and economic evaluation technique that considers the economic, social, and environmental impacts of different projects, programs, and policies, in quantifiable and monetary terms.
Widely used as an ex-ante (forward-looking) technique for appraising options and informing social decision-making, CBA is becoming increasingly important in ex-post (after the event) economic evaluation.
For example, in NSW, agencies are now expected to prioritise evaluation of programs at the 4 and 3 scale using components of process, outcome and economic evaluation to maximise insights (with CBA the preferred method of economic evaluation) and, as NSW transitions to outcome budgeting, CBA will become a central element in evidence-based outcome measurement.
Across state and territory governments, CBA is the preferred method of economic assessment.
This interactive and practical one-day workshop, which has been designed specifically for evaluators (and assumes no prior knowledge of cost-benefit analysis nor economics) will provide evaluators with an understanding of CBA, explain how CBA can and should be used in evaluation, and provide practical guidance for undertaking a CBA and interpreting a CBA, and build personal confidence around CBA.
Learning outcomes will include increased understanding of:
- The role of CBA in evaluation
- When and why an evaluator would use CBA
- How CBA compares to other types of analysis
- Key concepts in CBA
- How to undertake a CBA
- Practical issues and challenges associated with undertaking a CBA
- How to review, interpret and communicate results of a CBA
- Where to find resources for CBA
This workshop aligns with competencies in the AES Evaluator’s Professional Learning Competency Framework. The identified domains are:
- Domain 1 – Evaluative attitude and professional practice
- Domain 2 – Evaluation theory
- Domain 4 – Research methods and systematic inquiry
Who should attend?
Evaluators who want to develop their understanding of CBA and evaluators who may need to commission, undertake, or review/interpret a CBA in the future.
Workshop start times
- VIC, NSW, ACT, TAS: 10.00am
- QLD: 9.00am
- SA: 9.30am
- NT: .30am
- WA: 7.00am
- New Zealand: 12.00 noon
- For other time zones please go to https://www.timeanddate.com/worldclock/converter.html
About the facilitator
David Marchant is an accredited facilitator and the Managing Director of Inform Economics (www.informeconomics.com), specialist practitioners in the development and preparation of cost-benefit analyses.
Over recent years, Inform Economics have developed many cost-benefit analyses across a wide range of government sectors including health, disability, environment, fire & emergency management, government services, responsible gambling, social housing, workplace safety, tourism, and events.