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Cost Benefit×Effectiveness Analysis of Army Community Service (ACS×FY 2015 Request for Applications (RFA×APPLICATION DEADLINE: August 17, 2015ELIGIBILITY: See Part III, A of NATIONAL INSTITUTE
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How to fill out cost benefiteffectiveness analysis of

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How to Fill Out a Cost Benefit-Effectiveness Analysis:

Identify and Define the Project or Program:

01
Clearly outline the objectives, scope, and goals of the project or program.
02
Describe the problem or need that the project aims to address.
03
Determine the expected outcomes and benefits that should be achieved.

Identify Costs:

01
List all direct and indirect costs associated with the project.
02
Include both initial investment costs and ongoing operational costs.
03
Consider all relevant cost categories such as personnel, equipment, maintenance, training, and overhead.

Quantify Benefits:

01
Determine the positive impacts or benefits that can be achieved through the project.
02
Evaluate the extent to which the project can improve efficiency, productivity, or quality.
03
Measure the monetary value of the benefits and assign a specific dollar amount to each.

Analyze Effectiveness:

01
Assess the effectiveness of the project in achieving its objectives and desired outcomes.
02
Determine the key performance indicators (KPIs) that will be used to measure effectiveness.
03
Collect and analyze relevant data and compare it against predefined benchmarks or targets.

Calculate Cost-Benefit Ratio:

01
Divide the total benefits by the total costs to calculate the cost-benefit ratio.
02
A ratio greater than 1 indicates that the benefits outweigh the costs, suggesting a positive outcome.
03
A ratio less than 1 indicates that the costs outweigh the benefits, suggesting a negative outcome.

Consider Non-Monetary Factors:

01
While monetary calculations are essential, also consider non-monetary factors that may influence the decision-making process.
02
Take into account qualitative aspects such as social, environmental, and ethical impacts associated with the project.

Who Needs Cost Benefit-Effectiveness Analysis:

Government Agencies and Public Institutions:

01
Government entities often perform cost benefit-effectiveness analyses before allocating public funds to ensure effective and efficient use of resources.
02
Public institutions such as schools, hospitals, and transportation systems utilize this analysis to assess the viability and potential benefits of new projects.

Private Businesses and Corporations:

01
Businesses conduct cost benefit-effectiveness analyses before implementing new strategies, adopting new technologies, or investing in expansions.
02
This analysis helps them evaluate the potential return on investment and make informed decisions regarding resource allocation.

Non-Profit Organizations:

01
Non-profit organizations, including charities and NGOs, rely on this analysis to determine the feasibility and potential impact of their programs or interventions.
02
It enables them to make evidence-based decisions and optimize resource utilization to achieve their mission effectively.
In summary, filling out a cost benefit-effectiveness analysis involves identifying the project, assessing costs and benefits, analyzing effectiveness, calculating ratios, and considering non-monetary factors. This analysis is useful for government agencies, private businesses, and non-profit organizations to optimize resource allocation and make informed decisions.
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