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A Question of Worth: Cost Analysis in Evaluation



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10 28 2010 A Question of Worth Cost Analysis in Evaluation A lunch seminar organized by the Geneva Evaluators Network and hosted by the World Health Organization 25 October 2010 Daniela C Schr ter The Evaluation Center Western Michigan University 1 A recent World Bank Report http web worldbank org external default main noSURL Y theSitePK 1324361 piPK 642529 79 pagePK 64253958 contentMDK 22703501 cid IEG AnnouncementsEN P EXT MISC CB1 Historically the World Bank s reputation for rigorous analysis was built on its use of cost benefit analysis to demonstrate commitment to measuring results and ensuring accountability the percentage of World Bank projects justified by cost benefit analysis has been declining for several decades due to both a decline in adherence to policy and difficulty in applying cost benefit analysis The report highlights that the Bank needs to revisit the policy for cost benefit analysis to account for difficulties in quantifying benefits yet preserve a high hi h degree d off rigor i in i justifying j if i projects j recommends that the Bank implement reforms to ensure quality rigor and objectivity in its cost benefit analysis and use the results to influence decisions and improve development assistance 25 October 2010 Daniela C Schr ter The Evaluation Center at Western Michigan University 2 1 10 28 2010 World Bank Quality Criteria for Cost Benefit Analysis Expected values Rather scenarios R th than th best case b t i The counterfactual and alternatives What would have been Risk Sources magnitude and effects Poverty reduction Externalities Effects outside a project s direct intended reach 25 October 2010 Daniela C Schr ter The Evaluation Center at Western Michigan University 3 Evaluation is the systematic determination of the merit worth and significance of evaluation objects e g project program or policy Evaluation 25 October 2010 Daniela C Schr ter The Evaluation Center at Western Michigan University 4 2 10 28 2010 Expenditures Opportunity



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