Public Sector CoP – Cost-Benefit Analysis for Public and Non-Profit Initiatives

Matrix

Abstract:

In the absence of profit motive, it can be difficult to assign economic value to public and non-profit sector initiatives. Despite these challenges, quantitative analysis of programs and projects are an important part of the sound financial stewardship of public resources. In this presentation, Michael will discuss the policy analysis process and the development of cost-benefit analyses for public sector projects. A special focus will be placed on the quantification of economic benefits using a variety of methods including market analogs, intermediate goods pricing, travel cost analysis, and hedonic pricing. The presentation will wrap up with a discussion of discounting, time horizons, and sensitivity analysis of quantitative benefits.