Transcription of 11. Efficiency or Cost-Effectiveness - World Bank
{{id}} {{{paragraph}}}
Example: stock market
11. Efficiency or Cost-Effectiveness - World Bank
65 11. Efficiency or Cost-Effectiveness Principles and Norms DEFINITIONS Efficiency is the extent to which the program has converted or is expected to convert its resources/inputs (such as funds, expertise, time, etc.) economically into results in order to achieve the maximum possible outputs, outcomes, and impacts with the minimum possible inputs. (See also paragraph ) Cost-Effectiveness is the extent to which the program has achieved or is expected to achieve its results at a lower cost compared with Shortcomings in Cost-Effectiveness occur when the program is not the least- cost alternative or approach to achieving the same or similar outputs and outcomes. An assessment of Efficiency relates the results of a program to its costs. Ideally, this would attempt to put a monetary value on the benefits arising from the activities of the program, compare these with the costs of the program, and calculate the internal rate of return that equalizes the present value of the benefits and costs.
65 11. Efficiency or Cost-Effectiveness Principles and Norms DEFINITIONS 11.1 Efficiency is the extent to which the program has converted or is expected to convert its resources/inputs (such as funds, expertise, time, etc.) economically into results in order to achieve the maximum
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document:
Related search queries
ARINC 818 Implementer’s Guide, Guideline for Roles & Responsibilities in, Implementer, HP BladeSystem ProLiant Firmware Management, And CIPD roles in creative process, Resource mobilization, Some items involving the auditor, Some items involving the auditor general, Delegation of Controlled cts – Direct, Delegation of Controlled !cts – Direct Orders and Medical Directives, STANDARD FUEL SALE CONTRACT TERMS AND, STANDARD FUEL SALE CONTRACT TERMS AND CONDITIONS, Preventive and Corrective Action Form