Using Balance to Manage Your FinancesApril 25, 2016

Cost-Effectiveness and Cost-Benefit Analysis for Strategic Management of Resources

Today we will...

• Why This Analysis• CEA and CBA• Costing (Ingredients Method)• Effectiveness/Benefit• Impediments• Questions

CEA and CBA

Cost-Effectiveness Analysis (CEA)true cost +

program effects

Cost-Benefit Analysis (CBA)true cost +

long term monetary benefits

Costing

Ingredients Method

Effectiveness

• Outcome

• Methodology

Impediments

1. People

2. Places

3. Things

4. Ideas

Questions

Center for Benefit-Cost Studies in Education (CBCSE): http://cbcse.org/

Center for Education Policy Research (CEPR): http://cepr.harvard.edu/about

Harris, D. (2009). Toward policy-relevant benchmarks for interpreting effect sizes: Combining effects with costs. Educational Evaluation and Policy Analysis. 31(1), 3- 29. Rutledge, S.A

Nye, B., Hedges, L. V., & Konstantopoulos, S. (2000). The effects of small classes on academic achievement: The results of the Tennessee class size experiment. American Educational Research Journal, 37(1), 123-151.

Strategic Data Project (SDP): http://sdp.cepr.harvard.edu/

Levin, H., & McEwan, P. (2001). Cost Effectiveness Analysis: Methods and Applications (2nd Edition). SAGE Publications, Inc.: Thousand Oaks, CA.