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This guidebook for evaluators and other evaluation stakeholders provides an introductory overview of a range of methods that have been selected for their actual and potential use in the field of international development evaluation. For each method, a detailed guidance note presents the method's main features and procedural steps, key advantages and disadvantages, as well as its applicability. Each guidance note includes references for relevant background readings (basic and advanced) as well as references to other additional resources of interest. Both the choice of approaches and methods and the associated guidance are by no means definitive. IEG plans to periodically update the guide as evaluation practices evolve.
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Protectionism --- Tariff --- Cost effectiveness --- Cost effectiveness
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Project Risk and Cost Analysis focuses on risk in the context of project management, primarily in the area of risk’s effects on project costs, with emphasis on the many modern tools that help you and your organization quantify and manage project risk. You will learn how to perform a formal risk and cost analysis, apply the Earned Value Method to risk management, and adjust schedule and budget reserves appropriately for your project conditions. The book follows the basic project risk management approach as laid out in A Guide to the Project Management Body of Knowledge (PMBOK® Guide), 4th Edition, popularly known as the PMBOK® Guide, along with other sources listed in the bibliography and suggested reading. This is an ebook version of the AMA Self-Study course. If you want to take the course for credit you need to either purchase a hard copy of the course through amaselfstudy.org or purchase an online version of the course through www.flexstudy.com.
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"Cost-benefit analysis is a standard tool for determining the efficiency of planned projects. But one of the major difficulties in risk mitigation investments is that benefits are by nature uncertain. In this context, the standard approach relying on the average value of benefits may provide an incomplete picture of the efficiency of the risk mitigation project under consideration. This paper presents a probabilistic cost-benefit analysis relying on a catastrophe risk model. It produces risk metrics such as the exceedance probability curve of the benefit-cost ratio, thus providing the decisionmaker with a more complete risk analysis of the net benefits of the project. This is illustrated with the earthquake vulnerability reduction project in Colombia. "--World Bank web site.
Cost effectiveness. --- Earthquakes --- Risk.
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November 2000 Private annuity markets are not well developed even in the most advanced OECD countries. But they are growing rapidly in some countries, in response to mandatory retirement savings plans. Preliminary results show that in these countries the cost of annuities is lower than might be expected. Pension reforms normally focus on the accumulation phase, plus term insurance that provides benefits for the disabled and for dependent survivors, all of which are immediate concerns. Decumulation of the capital in workers' retirement savings accounts appears to be far in the future. But in the second generation of reforms, countries have begun paying attention to eventual decumulation--either through gradual withdrawals or through annui-tization, which provides longevity insurance. At this point it becomes important to learn whether annuity markets exist and how they operate. James and Vittas summarize preliminary results of a continuing research project that analyzes annuity markets in Australia, Canada, Chile, Israel, Singapore, Switzerland, and the United Kingdom. They focus on understanding whether annuity markets can be relied upon to provide reliable retirement income at reasonable prices. One way to approach this question is to explore whether the expected payouts and the "money's-worth ratio" differ across countries, and if so, why, and what light can be thrown on the existence and amount of adverse selection. Annuity markets are poorly developed for various reasons: worker myopia, precautionary and bequest saving (not served by most annuity products), distrust of insurance companies (and unwillingness to turn sizeable savings over to them), adverse selection, and the crowding-out effect of social security (which automatically annuitizes the largest share of people's retirement wealth). Preliminary findings suggest that the cost of annuities is lower than might be expected. When the risk-free discount rate is used, the money's -worth ratios of nominal annuities based on annuitant mortality tables exceed 97 percent (in some cases they are over 100 percent). Even when population mortality tables are used, they exceed 90 percent--neither the industry "take" nor the effects of adverse selection appear to be as large as anticipated. But real annuities (in Chile, Israel, and the United Kingdom) have money's-worth ratios 7 to 9 percent lower than those of nominal annuities. And when the "riskier" corporate bond rate is used for discounting purposes, there is a further 7 percent reduction. The main policy issues include public versus private provision, the role of insurance companies in term and risk intermediation, the level of compulsory annui-tization, and the need for robust regulation of annuity providers. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to study the development of annuity markets. The authors may be contacted at ejames3@worldbank.org or dvittas@worldbank.org.
Annuities. --- Annuities --- Cost effectiveness.
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Environmental policy --- Environmental protection --- Environmental economics --- Cost effectiveness --- Cost effectiveness
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Cost effectiveness --- Policy sciences --- Cost effectiveness --- Great Britain --- Great Britain --- Economic policy --- Cost effectiveness. --- Social policy --- Cost effectiveness.
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Ideas to inspire anyone to reduce and save costs in their organisations.
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Pensions --- Pension trusts --- Cost effectiveness
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While the basic principles of cost-benefit analysis (CBA) are long-standing, the challenges entailed in applying these principles are constantly evolving. This paper reviews recent developments in environmental CBA since the publication of an OECD volume on this topic by Pearce et al. (2006). The character and direction of these developments also evolves over time and the current review reflects this process.
Environmental policy -- Cost effectiveness. --- Environmental policy. --- Environmental protection -- Cost effectiveness. --- Environmental protection. --- Environmental policy --- Environmental protection --- Business & Economics --- Economic History --- Cost effectiveness --- Cost effectiveness. --- Kosten-batenanalyse --- Milieubeleid
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