Adept Economics take into account a range of social and environmental considerations in addition to economic factors to help you through your project, grant or policy approval process. We provide you with peace of mind of knowing your CBA won’t be torn apart by project opponents or government agencies and regulators.
We apply best practice CBA methodology as advanced in leading textbooks such as Cost-benefit Analysis by UQ Professors Harry Campbell and Richard Brown. This requires the development of a comprehensive internally consistent CBA which sets out all relevant transactions and impacts on different stakeholders. In our CBA, as well as estimating net present value (NPV) of net benefits (benefits minus costs) and the ROI or internal rate of return (IRR), we also look at the net benefits by stakeholder (i.e. a distributional analysis of who wins/loses and by how much).
We will work with you (and your stakeholders if necessary) to understand your project and assemble the necessary data and information to quantify as many costs and benefits as possible. Where necessary we will work with engineers, quantity surveyors and architects to ensure the most reliable data underpin the CBA.
Sensitivity analysis is a standard part of our CBAs, as is a broader risk analysis for projects or policy measures and identification of risk mitigation strategies. We analyse the uncertainty involved as we want to avoid optimism bias and mega-project risk. We typically provide clients with their own version of the CBA model in Excel so they can test the sensitivity of the results to changes in critical variables.
Tailored services can include…
- A comprehensive report
- Business case or funding submission
- Environmental Impact Statement contributions
- CBA/ROI model in Excel workbook
- Visualisations including info graphics of CBA/ROI results
- PPT presentation