Program Evaluation

Question 1

Cost benefit analysis

Answer 1

Determines the financial cost of operating a program as compared with the fiscal benefits of its outcome. Includes a cost benefit ratio.

Question 2

Cost benefit ratio

Answer 2

Generated to determine whether and the extent to which the costs exceeded the benefits

Question 3

Cost-effectiveness analysis

Answer 3

Considers the benefits that are not measured in monetary terms. Does not produce a cost benefit ratio.

Question 4

Outcome assessment

Answer 4

Process of determining whether program has achieved its intended goal. Involves collecting evidence through assessment, analyzing the data, and then using the findings to make programmatic changes if needed. It is iterative process with continual feedback loops.