Assignment Content
Cost-Benefit Vs. Cost-Effective Analysis
Background: Appraising the value of public policy should include a budgetary assessment. As a professional in the field, you will not only need to perform the assessment but also select how the assessment will be performed.
Because public policies can be expensive, economic approaches are essential to better understand governmental programs’ actual costs.
This week, you will conduct a cost-benefit analysis and cost-effective analysis of the policy (same policy from Week 2) that you are evaluating. This assignment includes two separate parts:
Part 1: Slide Deck
Part 2: Word Executive Summary
You must submit both parts (25 max points each) this week.
Part 1
STEP 1: Review- To inform the stakeholders you identified in Week 2, create a 10 to 15 slide presentation detailing the fiscal analysis for each methodology (cost-benefit analysis & cost-benefit analysis) you deem necessary to gauge the policy’s cost using each of the two methodologies.
STEP 2: Consider the following questions about the policy that you evaluated in Week 2:
Slide 1: Cover Slide/Introduction
Slide 2: Cost-Benefit Analysis and Cost-Effective Analysis Descriptions
Slide 3: What cost-benefit analysis would you apply?
Slide 4: What steps would you go through?
Slide 5: What kinds of data would you need to conduct such an analysis?
Slide 6: What financial and human resources would this analysis require?
Slide 7: What results would you expect?
Slide 8: What cost-effectiveness analysis would you apply?
Slide 9: What steps would you go through?
Slide 10: What kinds of data would you need to conduct such an analysis?
Slide 11: What financial and human resources would this analysis require?
Slide 12: What results would you expect?
Slide 13 Conclusion
Slide 14+ APA-formatted References
Part 2
STEP 3: Add a 150 to 250 word Summary Document in MS Word format for your stakeholders that includes a quick guide table that will be attached to the report you give them in Week 6. Populate the table with the answers to the questions listed above for each cost analysis.
STEP 4: Format your PowerPoint® presentation to ensure that the slides only contain essential information and as little text as possible. Do not design a slide made up of long bullet points. Your speaker notes convey the details you would give if you were presenting.
For help, consult the guide on how to create speaker notes from Microsoft®.
STEP 5: Include comprehensive speaker notes with APA citations as appropriate.
STEP 6: Cite at least 2 peer-reviewed or similar references to support your assignment.
