Title: Introduction to Cost-Benefit Analysis for Evaluators
Date and time: Thursday 8 June & Thursday 15 June 2023, 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: 1 May 2023. Spaces limited to 25 participants
Fees (GST inclusive):Members $260, Organisational member staff $375, Non-members $425, Student member $125*, Student non-member $210*
* Students must send proof of their full-time student status to firstname.lastname@example.org
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.
Across state and territory governments, CBA is the preferred method of economic assessment.
This interactive and practical 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, provide practical guidance for undertaking a CBA and interpreting a CBA, and build personal confidence around CBA.
In addition to the two half-day workshops, optional ‘group office hours’ will be offered for those participants wanting to engage more deeply with the program or ask any questions.
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.
David is facilitating Applied Cost-Benefit Analysis for Evaluators in June which builds upon the skills and knowledge learned in this workshop. Registrants must have attended the Workshop: Introduction to Cost Benefit Analysis or have had previous experience of cost-benefit analysis (e.g., through work or study) to be able to register for Applied Cost-Benefit Analysis for Evaluators in August,
Workshop start times
- VIC, QLD, NSW, ACT, TAS: 9.30am
- SA, NT: 9.00am
- WA: 7.30am
- New Zealand: 11.30am
- 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, education, fire & emergency management, government services, responsible gambling, social housing, workplace safety, tourism, and events.