Examine ways to apply cost-benefit, variance, and results analysis methods to support strategic and operational decisions in federal agencies. Ideal for analysts seeking data-driven decision-making skills.
Overview
Syllabus
Module 1: Overview of Approach, Methods, and Principles
- Learn the five-step structured approach for conducting analysis.
- Understand the linkage between analytical methods and management decisions.
- Explore key principles of data appropriateness and sufficiency.
- Review performance measurement frameworks and how they support decision-making.
Module 2: Planning: Conducting Cost-Benefit and Cost-Effectiveness Analysis
- Distinguish between cost-benefit and cost-effectiveness methods and their uses.
- Apply analysis to federal laws, strategic planning, budgeting, and capital investments.
- Learn step-by-step procedures for identifying, evaluating, and comparing alternatives.
- Conduct sensitivity and risk analysis to support planning decisions.
Module 3: Program and Budget Execution: Conducting Variance and Trend Analysis
- Identify and monitor deviations from planned performance using variance analysis.
- Use trend analysis to detect patterns and shifts over time.
- Create run charts and control charts for operational monitoring.
- Diagnose causes of problems using root cause analysis tools like radar charts and flow diagrams.
Module 4: Assessing Results: Conducting Program Results and Content Analysis
- Evaluate program performance using qualitative and quantitative measures.
- Understand outcome, output, and efficiency metrics in the context of strategic goals.
- Use content analysis to organize, categorize, and interpret complex textual information.
- Apply Pareto analysis to identify key drivers of issues and prioritize solutions.
Module 5: Final Knowledge Check and Wrap-Up
- Review key concepts from all modules.
- Assess understanding of analytical methods through knowledge checks.
- Reflect on future challenges and opportunities for using decision support analytics.
Taught by
Alan B. Robinson, Kent Miller, and Alan McCain