Implications for Peer Assistance and Review (PAR)
Analysts must understand thoroughly not only the program itself but also the types of efforts that it replaces.Rough cost-benefit analyses are possible and worthwhile for assessing educational interventions, even without clear quantitative evidence of the program's outcomes. There is a high value of systematically approaching cost analyses of educational reforms. It is clearly important to capture accurately the relevant financial data, to account clearly for all of the relevant costs, and to understand the benefits of these reforms in financial terms. However, analysts should not limit their scope to the elements that are financial, or even those that are quantifiable. Instead, a comprehensive cost analysis should also assess both the organizational program costs and the potential organizational benefits.
Full Text: http://www.gse.harvard.edu/~ngt/PAR%20Costs%20and%20Benefits%20-%20January%202011.pdf
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