Ten tools for understanding and performing cost-benefit analysis

We recently published the 9th and 10th parts of our online CBA toolkit: the Time Horizons tool and the Monetizing Benefits tool. The core set of 10 tools focuses on the foundational elements of a cost-benefit study. We encourage you to look at the main toolkit page on our website, as well as any of the tools you haven’t read. Later this year we’ll expand on the toolkit and make it available for download, along with a downloadable file for each tool. As always, we’d like to hear what you think—and what other resources would be useful in your work.

We welcome your questions and comments about the toolkit or anything else related to cost-benefit analysis and criminal justice. Contact us via TwitterFacebook, or by e-mailing us at cbkb@cbkb.org.

New CBKB tool: Monetizing benefits in cost-benefit analysis

CBKB’s cost-benefit analysis toolkit can help you understand or perform cost-benefit studies of justice-related initiatives. We just published the Monetizing Benefits tool, which discusses methods used to assign a dollar value to intangible benefits when performing calculations for a cost-benefit analysis. The new tool also describes how to address benefits that are rarely, if ever,…

New CBKB tool: Time horizons in cost-benefit analysis

CBKB’s cost-benefit analysis toolkit can help you understand or perform cost-benefit studies of justice-related initiatives. We just published the Time Horizons tool, which discusses how to choose the appropriate length of time to measure the costs and benefits of a policy when conducting a CBA. The new tool also describes how different time horizons can…

New CBKB tool: Sensitivity analysis

CBKB’s cost-benefit analysis toolkit can help you understand or perform cost-benefit studies of justice-related initiatives. We just published the Sensitivity Analysis tool, which explains how to address uncertainties in cost-benefit studies. The new tool describes four methods of performing a sensitivity analysis and explains when you might use a particular method.