Treasury’s new way of assessing cost and benefit
NSW Treasury has revised its approach to measuring costs and benefits. So what’s new?
This new policy and guidelines paper updates and refreshes previous guidelines TPP7-5 & TPP7-6. The new model has a focus on community benefits, and also has also been updated to reflect developments in analytical techniques, such as non-market valuation, that have increased in prominence over the last decade. The new approach is designed to also better account for cross-jurisdictional projects
The guidelines however retain the same established principles and technical approach to the appraisal and evaluation of initiatives through Cost-Benefit Analysis (CBA).
Full details are found through the link below.