Do you know how to undertake a cost-benefit analysis to help you make more effective decisions in your work?
Developing a firm grasp of the theory and practice behind a cost-benefit analysis involves exploring the environmental, social and financial considerations of your policy or program initiative. This two-day workshop will help you to understand the key concepts of cost-benefit analysis, highlighting the tips and traps when conducting a study so that you can be prepared and confident about using them in your work.
Real-world examples and practical exercises will equip you with new tools to guide analysis, and the ability to argue a business case persuasively based on a cost-benefit study.
What will you learn?
- Basic investment analysis, such as discounting, annuities, and perpetuities
- Probabilities and decision trees
- Opportunity cost, consumer and producer surplus, decision rules
- Revealed and stated preference techniques for estimating benefits
- Uncertainty and real options approaches
- Alternative methods – cost-effectiveness analysis, multi-criteria analysis.
Who should register?
- Managers and officers in policy and service delivery roles across the public sector.
Participants do not have to be an economist or have a financial background to benefit from this workshop. The workshop assumes participants have limited experience in this area.
Who will lead the course?
- Dr Leo Dobes – Honorary Associate Professor at the Crawford School of Public Policy at the Australian National University with more than 30 years’ experience in diplomatic service, intelligence assessment (Office of National Assessments), Defence industry policy, microeconomic reform (The Treasury), Communications (including the 1990-91 telecommunications reforms), transport and regional programs analysis.