Tag: Bill & Melinda Gates Foundation2
Impact Services Tags : Bill & Melinda Gates Foundation 2
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Cost Benefit Analysis
This tool monetizes the benefits and costs associated with an intervention. It takes the perspective of society as a whole and considers the costs and dollar-valued outcomes aggregated across all stakeholders (government sector or individuals as taxpayers, program participants or private individuals, the rest of society). The output from cost-benefit analysis can be measures of net benefits (benefits Ð costs), the ratio of benefits to cost (benefit-cost ratios), or the internal rate of return (the rate of growth a project is expected to generate).
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Service
Cost Effectiveness Analysis
This tool calculates a ratio of cost to a non-monetary benefit or outcome. The focus may be on one domain of impact (e.g. crime, student achievement) or multiple areas of impact. However, measures of cost-effectiveness can only account for one area of program impact at a time. Since program impacts are measured in natural units (e.g. life year saved, child graduating from high school), unless those units are common across all areas of impact, it is not possible to aggregate across them.
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