Steps in CBA
What is Defining what will be included as a cost and benefit?
Star Wars or Star Trek? (over the entire franchise, not just single movies/episodes)
What is Star Trek?
What you have to do in terms of geography or other 'framing' aspects when doing a CBA.
What is define the scope?
These three things are important to understand before you start a program evaluation.
What is the goal?
Who are the stakeholders?
What do they want to know?
What is the background context?
How many/much resources do I have to work with?
This really big organization is trying hard to adopt consistent evaluation practice through efforts like the PART from the early 2000s.
The Federal Government
What is: Define the time period covered by the CBA
This is the value we end up with at the end of the process of conducting a cost-benefit analysis.
What are net benefits (which subtracts the total costs from the total benefits)?
This is the perspective of the scope of your analysis you might take if federal taxpayers are funding the program (as opposed to if a county was providing all the program funding)
What is a national perspective?
What color is not easy to be?
Green of course,
(imagine Kermit here, but the website would not allow me to paste it - sigh)
This type of organization often requires rigorous evaluations in order to know if their investment was worth it
Non-profits/foundations/grant-making bodies
The Third Step in CBA - you have to ID these for each year.
What is Project costs and benefits over the life of the program
This is a big debate/challenge in discounting costs and benefits.
What is the selection of a discount rate? What rate can you use?
This is a word we might use to think of costs or benefits that don’t increase or decrease total welfare, but do change who is impacted, such as having one group pay a fee instead of another group.
What are transfers or shifting costs or benefits?
This kind of evaluation takes place in the early years of a program
What is formative evaluation?
This level of government rarely does evaluation
Local
What is the 4th step in CBA?
What is Monetize (place a $ value) on costs and benefits
This is the unit of effectiveness we might use in a policy mandating the use of seat belts.
What is the "value of lives saved"?
Name the type of costs that could be incurred by student participants who stay after school to get help via a tutoring program instead of doing something else.
What are opportunity costs, like lost wages from a part-time job or not being able to participate in after school sports?
What policy or political stance do you need to take as an evaluator?
Neutral
Unbiased
Objective
These at least two characteristics of AEA principles
Use of Data
Focus on Value of Data to the program
Competence
Honesty
This is the name for changing your assumptions to see if the results change?
What is sensitivity analysis?
When you are bummed out and tired:
Spaghetti or pizza?
Spaghetti
This is the phrase scholars use to describe the time frame analysts should consider in conducting a cost analysis.
What is the "useful life" of the project?
Best Halloween treat:Full size Snickers bar or Jelly-Bellies?
Snickers!
Which type of Evaluations have an "Inspection" aspect
IG Reports