The most effective strategy for evaluating the financial elements of a program is to conduct a:
A) Return on investment
B) Impact evaluation
C) Cost-benefit analysis
D) Sustainability plan

Question

Quizplus · Accepted Answer

One way to include financial factors in an evaluation plan is to include a cost-benefit analysis. Here, the evaluator compares the benefits of the program, determined in a benefits analysis, to the actual costs of the program. When conducting a cost analysis, evaluators must examine all the costs associated with running the program, not simply the costs associated with direct services to the client (e.g., material resources, operation expenses, salaries and benefits of employees, loss of work days for clients in the program).

The Most Effective Strategy for Evaluating the Financial Elements of a Program