Week 5 Assignment 2 - David Givens Government Budgeting...

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David Givens Government Budgeting Systems Instructor: Mary Cline Week 5 Assignment Assignment 2: Advanced Decision Tools - Cost-Effectiveness Analysis & Sensitivity Analysis
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1 Cost-effectiveness analysis and sensitivity analysis are two advanced tools used in the public budgeting process. They provide in-depth looks at comparing courses of action and the sensitivity of an analysis itself. The unique processes will be discussed and examples will be given. Both tools will also be compared to simpler tools like decision tables and break-even analysis for effectiveness. Cost-effectiveness analysis compares the relative costs to the outcomes of two or more courses of action. This process is usually applied to the planning and management of many types of organized activity. It is often regarded as a simpler form of cost-benefit analysis, which assigns a monetary value to the measure of effect (Bleichrodt & Quiggin, 1999). The drawback to its simplicity is that it cannot determine whether the benefits of a project outweigh the costs.
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  • Winter '15
  • Mary Cline
  • Sensitivity analysis, Cost-effectiveness analysis, Cost-utility analysis

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