A Practical Introduction to Cost and Cost-Effectiveness Analysis in the Social, Behavioral and Education Sciences

This upcoming workshop will address the questions, "Is this program affordable? Scalable? Who bears the costs? Is it more cost-effective than alternative programs?"
natalie koziol

The VCU School of Education is partnering with the College of Humanities and Sciences to invite the VCU community to participate in an online workshop with Natalie Koziol, Ph.D., research assistant professor at the University of Nebraska-Lincoln Nebraska Academy for Methodology, Analytics & Psychometrics and expert on cost analyses.

When

June 8
12:30 p.m. - 2:00 p.m.

Where

Workshop Zoom link

About

Is this program affordable? Scalable? Who bears the costs? Is it more cost-effective than alternative programs? 

In choosing among programs policymakers are constrained by limited resources. Evidence-based decision-making requires information about both a program’s efficacy and its costs. Cost and cost-effectiveness analysis are techniques for gathering such information. Using the “Ingredients Method” as a guiding framework, this workshop will describe and demonstrate key steps for carrying out a cost analysis:

  • Operationalize the program’s theory of change
  • Clarify the audience(s) and perspective(s) for the cost analysis
  • Identify the program’s ingredients and their quantities and defining qualities/features
  • Price the ingredients and adjust the prices as necessary
  • Calculate costs
  • Perform sensitivity analyses
  • Report the results

The workshop will then cover additional steps needed to carry out a cost-effectiveness analysis:

  • Measure program effectiveness
  • Calculate cost-effectiveness ratios
  • Perform sensitivity analyses
  • Compare and rank alternative programs

The workshop will conclude with considerations for writing cost and cost-effectiveness analysis plans for federal grant proposals.

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