Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1...
Transcript of Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1...
![Page 1: Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1 Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager,](https://reader034.fdocuments.in/reader034/viewer/2022042916/5f5707dda78a997cd771063a/html5/thumbnails/1.jpg)
1
Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney
Policy Manager, J-PAL Department of Economics, MIT
![Page 2: Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1 Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager,](https://reader034.fdocuments.in/reader034/viewer/2022042916/5f5707dda78a997cd771063a/html5/thumbnails/2.jpg)
2
• Summarizes a complex program in terms of a simple ra6o of costs to impacts
• Allows for comparison between different programs evaluated in different contexts across different 6meframes
• Sensi6vity analysis to understand how the cost-‐effec6veness of a program might vary with context
2
WHAT IS COST-EFFECTIVENESS ANALYSIS?
![Page 3: Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1 Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager,](https://reader034.fdocuments.in/reader034/viewer/2022042916/5f5707dda78a997cd771063a/html5/thumbnails/3.jpg)
3
WH AT I S CO S T -E F F E C T I V E N E S S AN A LYS I S?
3
![Page 4: Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1 Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager,](https://reader034.fdocuments.in/reader034/viewer/2022042916/5f5707dda78a997cd771063a/html5/thumbnails/4.jpg)
4
• Retrospec6ve analysis programs – Exactly how cost-‐effec6ve was that pilot program?
• Prospec6ve analysis of programs
– Roughly how cost-‐effec6ve could this proposed program be, at pilot or at scale?
– How big an impact must this achieve to meet our threshold?
4
WHEN TO CONDUCT COS T ING AND CEA
![Page 5: Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1 Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager,](https://reader034.fdocuments.in/reader034/viewer/2022042916/5f5707dda78a997cd771063a/html5/thumbnails/5.jpg)
5
• Key input into CEA • When thinking about scale, important to know what effec6ve
programs cost
• General cost per par6cipant to compare various op6ons
5
WHY GATHER COSTS?
![Page 6: Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1 Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager,](https://reader034.fdocuments.in/reader034/viewer/2022042916/5f5707dda78a997cd771063a/html5/thumbnails/6.jpg)
6
• Landscaping study in 2012 to iden6fy barriers • Key barriers:
– Lack of data (cost and impact) – Staff capacity to collect data and conduct analysis – Lack of decision points
BARR IERS TO CONDUCT ING COS T ING AND CEA
![Page 7: Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1 Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager,](https://reader034.fdocuments.in/reader034/viewer/2022042916/5f5707dda78a997cd771063a/html5/thumbnails/7.jpg)
7
• Program budgets likely insufficient to es6mate costs • Gather cost data from mul6ple sources
– Academic papers or program reports for descrip6on of program structure, ingredients, and local condi6ons like household income
– Interview researchers and implementers for addi6onal program components and costs
– Supplement with public sources (e.g. local wages, transporta6on costs, etc.)
WHY IS COSTING DIFF ICULT?
![Page 8: Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1 Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager,](https://reader034.fdocuments.in/reader034/viewer/2022042916/5f5707dda78a997cd771063a/html5/thumbnails/8.jpg)
8
• I. Cost-‐Effec6veness Analysis of Early Learning Investments at CIFF
• II. Approach to Cost-‐Effec6veness Analysis Throughout the Investment Life Cycle
• III. Lessons Learned and Remaining Challenges • Appendices
– 1: Cos6ng Guidelines – 2: Assessing the Quality and Relevance of Impact Es6mates – 3: Sensi6vity Analysis – 4: Guidance for Interpre6ng Cost-‐Effec6veness in Investment Memos
CIFF -J -PAL CEA TOOLK IT CONTENTS
![Page 9: Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1 Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager,](https://reader034.fdocuments.in/reader034/viewer/2022042916/5f5707dda78a997cd771063a/html5/thumbnails/9.jpg)
9 9
US I N G CEA TO IN F O R M DE C I S I O N S TH RO U G H O U T T H E L I F E C YC L E O F A PRO G R A M
![Page 10: Cost-Effectiveness Considerations When Taking a Program to Scale · 2015-12-14 · 1 Cost-Effectiveness Considerations When Taking a Program to Scale Meghan Mahoney Policy Manager,](https://reader034.fdocuments.in/reader034/viewer/2022042916/5f5707dda78a997cd771063a/html5/thumbnails/10.jpg)
10 10
Contact: [email protected]
www.povertyactionlab.org/policy-lessons
http://www.povertyactionlab.org/ publication/cost-effectiveness
AD D I T I O N A L IN F O R M AT I O N O N CO S T I N G A N D CEA