How to create robust and credible models for policy and operational initiatives.
This is a learn-by-doing workshop where you can create robust and credible models for new initiatives. You'll be able to use these models to prove and improve the financial and economic impacts of policy decisions and improve value for money. This workshop makes use of numerous real life examples and practical examples.
For
Principal policy advisors, senior policy advisors, policy advisors and policy analysts, business analysts, economists and managers who require an understanding of economic and financial modelling.
Workshop Objectives
Upon completion of this workshop participants will be able to:
Use economic modelling to identify and quantify economic and financial impacts
Make informed tradeoffs: Delivering best outcomes by optimising the mix of inputs and outputs while mitigating major risks
Apply intervention logic principles to new initiatives
Incorporate social and economic measures into your modelling
Indentify the full costs and benefits of policy initiatives and undertake cost benefit analysis
Postively impact on the three Es: Economy, Efficiency and Effectiveness
Indentify critical success factors and avoid common pitfalls
Topics
How to design models that link inputs, outputs and outcomes
Understanding Value: Value to whom? How to quantify value. Value added versus baseline scenario, alignment with Government priorities
Making sure that initiatives are fully costed
When to use standardised templates versus bespoke costing methods
Modelling for options, sensitivities and scenarios
Making best use of funding sources; Crown funding, funding from other agencies, user pays, baseline funded
Modelling for risk; Identifying, catergorising and mitigating risk
Tips for creating robust and accurate models
Cost:
$795 + GST
Economic and Financial Modelling Workshop Enrolment Form
