Cost Benefit Analysis

Cost Benefit Analysis (CBA) involves a systematic evaluation of the costs and benefits, from a societal perspective, of a project, policy, or program. The method can be used to assess the impact of projects that have been completed in the past, or alternatively a forward-looking assessment can be made to examine the expected net returns from projects that are yet to be initiated.

Synergies

Latest Case Studies

Case study

Impact assessment of the proposed CRC for Transformation in Mining Economies

The University of Western Australia, in partnership with University of Queensland, is leading a bid to establish a Cooperative Research Centre (CRC) to investigate new technologies and improved practices for mine closure. The rehabilitation and relinquishment of mines that have come to the end of their life is becoming an increasingly important issue for the mining sector, both here in Australia and internationally. With billions of dollars invested in mine rehabilitation each year, it is ...

Case study

The value of investing in R&D for the WA sheep industry

The WA sheep industry makes a significant contribution to the State’s economy, and has experienced a resurgence in recent years on the back of strong wool prices and productivity gains, particularly in lamb meat production. At present, the industry generates approximately $1.25 billion in sales and employs around 5000 people directly, with a further 1, 350 indirect jobs. But the industry is facing challenges and will need to maintain it’s productivity growth trajectory to remain ...

Case study

Economic benefits of strategic environmental assessment for Perth-Peel region

Over the next 30 years, around 18, 000 hectares of native vegetation is expected to be cleared in metropolitan Perth to accommodate the state’s growing population. In order to improve the level of protection afforded to the environment, while ensuring economic development can proceed, the WA State Government has commenced work on preparing a Strategic Assessment for the Perth-Peel Region (SAPPR). Synergies was engaged to assist with evaluating the costs and benefits of the proposed ...

Case study

Economic impact of the WA Biodiversity Science Institute

The Western Australian Biodiversity Science Institute (WABSI) was established by the WA government in 2015 to perform the role of a ‘science broker’, with the purpose fostering greater collaboration in finding practical, strategic solutions to the State’s biodiversity management challenges. WABSI’s stakeholders include the mining industry, government, researchers and non-government organisations. Synergies was engaged by the WABSI board to prepare an independent review of the value and impact of the Institute over the past four ...

Case study

The economics of responding to drought in Greater Sydney

Sydney Water engaged Synergies to develop an economic framework for quantifying the risks, costs and benefits of a drought management strategy for Greater Sydney. The framework examines the optimal sequence of new water supply projects as Sydney’s storage levels drop. The optimal strategy is one that avoids the risk of storages falling below critical levels (and triggering the need for very significant water restrictions), while minimising the cost of investing in capital projects that may ...

Case study

Peer Review of the Economic Analysis of the Nullinga Dam Preliminary Business Case

Synergies was engaged by Building Queensland to undertake a peer review of the economic analysis conducted as part of the Preliminary Business Case (PBC) for the proposed Nullinga Dam. The PBC identified an opportunity to expand irrigated agricultural production in the Atherton Tablelands through the supply of medium priority water entitlements from the proposed dam. The report presented to Building Queensland identified critical issues in relation to both the water demand assessment and economic analysis.

...

Search

Find out how Synergies can support you

Contact Us Today

Subscribe for updates