Costs Analysis and Budgets
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Research two types of cost analyses and budgets available to program evaluation. Discuss those two types, explaining their pros and cons. Include sufficient literature documentation so your classmates may do additional reading for themselves. Lastly, tell whether you may use either type to assist with your own program evaluation and provide the reason for your answer.
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This solution provides a cost analysis and a budget for the given problem.
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The pros of a cost-benefit analysis are that this form of analysis allows the program evaluator to compare the costs and benefits of a particular program, in order to determine its feasibility and cost effectiveness. Another pro of the cost-benefit analysis is that it is a relatively simple and valid form of analyzing the financial feasibility of a given program. A con of the cost-benefit analysis is the fact that this form of analysis relies heavily on the accuracy of the tabulation and calculation of the costs and benefits, and the cost-benefit analysis may ...
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- Criminal Justice, Elizabeth City State University
- Master of Public Administration, North Carolina Central University
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