Training on Cost-Benefit Analysis in Monitoring and Evaluation

Course Objectives

By the end of this course, participants will be able to:

• Understand the fundamental concepts and principles of cost-benefit analysis (CBA).
• Apply CBA techniques in the context of monitoring and evaluation (M&E) to assess project performance.
• Identify and quantify the costs and benefits associated with development projects.
• Analyze the economic efficiency of projects and programs using CBA methods.
• Make informed decisions and provide recommendations based on CBA findings.
• Integrate CBA into M&E frameworks to enhance project planning and evaluation.
• Communicate CBA results effectively to stakeholders and decision-makers.
• Address challenges and limitations in conducting cost-benefit analysis.
• Explore case studies and real-world applications of CBA in various sectors.
• Develop a comprehensive CBA report for a project or program.

Course Outline:

Module 1: Introduction to Cost-Benefit Analysis

• Definition and core concepts of CBA
• The role of CBA in M&E
• Benefits and limitations of CBA
• Ethical considerations in CBA

Module 2: Economic Evaluation Methods

• Overview of economic evaluation methods (cost-effectiveness, cost-utility, cost-benefit)
• Choosing the appropriate method for different contexts
• Discounting techniques

Module 3: Identifying and Measuring Costs

• Types of costs (direct, indirect, opportunity costs)
• Cost estimation techniques
• Data collection methods for cost data

Module 4: Identifying and Measuring Benefits

• Types of benefits (tangible, intangible)
• Benefit valuation methods (market prices, contingent valuation, hedonic pricing)
• Data collection methods for benefit data

Module 5: Cost-Benefit Analysis Framework

• Steps involved in conducting a CBA
• Developing a CBA project plan
• Data management and quality control

Module 6: Sensitivity Analysis and Uncertainty

• Incorporating uncertainty into CBA
• Sensitivity analysis techniques
• Risk assessment and management

Module 7: Distributional Impacts and Equity

• Equity considerations in CBA
• Distributional analysis
• Cost-effectiveness analysis for equity

Module 8: CBA in Practice: Case Studies

• Real-world examples of CBA applications
• Best practices and lessons learned
• Challenges and opportunities in CBA

Module 9: Communicating CBA Results

• Effective presentation of CBA findings
• Tailoring communication to different audiences
• Using visualization tools

Module 10: Integrating CBA into Decision Making

• Using CBA results to inform policy and program decisions
• Cost-benefit-effectiveness trade-offs
• Monitoring and evaluation of CBA outcomes

Customized Training

This training can be tailored to your institution needs and delivered at a location of your choice upon request.

Requirements

Participants need to be proficient in English.

Training Fee

The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.

Certification

A certificate from Ideal Sense & Workplace Solutions is awarded upon successful completion.

Accommodation

Accommodation can be arranged upon request. Contact via email for reservations.

Payment

Payment should be made before the training starts, with proof of payment sent to outreach@idealsense.org.
For further inquiries, please contact us on details below:

Email: outreach@idealsense.org

Mobile: +254759708394