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CostEffectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager, PAL Department of Economics, MIT 1W H AT I S C O S T E F F E C T I V E N E S S A N A LY S I S ? Summarizesacomplexprogramintermsofasimplera6oofcosts
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Cost-effectiveness is the measure of how well a product or service achieves its intended outcome relative to the cost.
Certain businesses or organizations may be required by regulations to file cost-effectiveness reports.
Cost-effectiveness reports can typically be filled out using specific templates or forms provided by regulatory agencies.
The purpose of cost-effectiveness is to ensure that resources are allocated efficiently and that decisions are made based on value for money.
Information such as the costs involved, the outcomes achieved, and any relevant financial or performance metrics may need to be reported on cost-effectiveness.
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