HSA 4191 Chapter 13: Steps in Using Cost-Evaluation methods Part 2
Document Summary
Good evaluation requires clear identification of all benefits associated with the technology. Ignoring key benefits clearly lead to underestimating the net effect of the technology. Johnston, pan, and middleton argue : that many researchers take a narrow view of benefits, or, in their term, hit value, they argue that one should consider: Identifying these benefits is facilitated if the framework for analysis is done correctly. A related issue with regard to benefits is that they must be realized and not necessarily speculative, assumed, or hypothetical. Most hit projects have a pattern of (cid:272)osts a(cid:374)d (cid:271)e(cid:374)efits that (cid:448)aries o(cid:448)er the produ(cid:272)t"s life(cid:272)y(cid:272)le: costs are incurred early in a project cycle as resources are expended to: Train staff: the benefits or value to the organization accrue over time. Understanding that (cid:272)y(cid:272)le (cid:449)ith respe(cid:272)t the orga(cid:374)izatio(cid:374)"s te(cid:272)h(cid:374)ology is i(cid:373)porta(cid:374)t for (cid:373)aki(cid:374)g valid comparisons.
