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 – 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).
MEASURING AND/OR ESTIMATING SOCIAL VALUE CREATION: Insights Into Eight Integrated Cost Approaches
Dec 15, 2008