Integrating social impacts into cost-benefit analysis

A participative method: Case study: The NSW area assistance scheme

Alison Ziller*, Peter Phibbs

*Corresponding author for this work

Research output: Contribution to journalArticle

11 Citations (Scopus)

Abstract

The authors have developed a participative method for completing a cost-benefit matrix that integrates quantifiable and difficult-to-quantify costs and benefits. The matrix gives social issues equal standing with financial considerations. Working with a wide range of stakeholders, the matrix is completed by incorporating stakeholder views as well as research findings. The balance of costs and benefits is assessed discursively rather than being reduced by a formula to a ratio. Many benefits of this approach are identified and its application to an evaluation of a grants program is described.

Original languageEnglish
Pages (from-to)141-146
Number of pages6
JournalImpact Assessment and Project Appraisal
Volume21
Issue number2
Publication statusPublished - Jun 2003
Externally publishedYes

Keywords

  • Social benefits
  • Social cost-benefit matrix
  • Social costs
  • Social impacts

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