23 November 2020 (facilitated online)
An introduction to the principles and practice of cost-benefit analysis
This interactive one-day workshop follows the NSW Government guide to cost benefit analysis (CBA) TPP17-03. This workshop considers the steps in undertaking a CBA and through practical application establishes how to identify and forecast costs and benefits, how to value them and how to identify associated qualitative factors. It will also consider how to assess the risks, test sensitivities of a CBA and establish how to report the results.
It is a stand-alone course that is also designed to complement the "Develop an effective business case" workshop.
- Gain a better understanding of basic finance and accounting principles
- Strengthen your ability in budget and financial management
- Increase your ability in budget planning including the cost-benefit analyses of various options.
- How to Establish the Objectives and Outcomes of The Initiative
- Understand the Role of Options Development In CBA
- Ways to Identify and Classify Costs and Benefits Including Qualitative Factors and Distributional Impacts
- How to Assess Net Benefits Utilising Net Present Value (NPV) And Benefit Cost Ratio (BCR)
- Understand the Role of Post Evaluation and How to Set It Up for Success.
Benefits to your organisation
- Staff will have a better understanding of cost-benefit analysis
- Increased awareness of how cost-benefit analysis is applied across NSW public sector
- Staff can better identify and plan for risks
Benefits to you
- Understanding of CBA principles and practice
- Ability to identify the plan for risks
- Ability to present a more compelling proposal
NSW Public Sector Framework Capabilities
This course is targeted at Adept to Advanced level. The following behaviours from the framework are covered:
Results: Think and Solve Problems
- Work through issues, weigh up and identify the most effective solutions
- Take account of the wider business context when considering options to resolve issues
- Explore a range of possibilities and creative alternatives to contribute to systems, process and business improvements
Business Enablers: Finance
Enquiries: For more information on our learning programs, please contact the IPAA NSW Learning Team on 02 8066 1900 or email [email protected].
- Make decisions and prepare business cases paying due regard to financial considerations
- Identify and analyse trends, review data and evaluate business options to ensure business cases are financially sound