Benefit Cost Analysis of RD&E in Action
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Since 2004, the Queensland Department of Primary Industries and Fisheries has
embarked on a rigorous evaluation of its R&D Programs, with Benefit Cost Analysis
being a cornerstone of this work. The analyses conducted to date have proved to be
powerful tools in internal resource re-allocation. However, the process used has
been time consuming, partly because there needs to be adequate time allowed for
consultation both with scientists and with senior staff. Experience has highlighted the
need for strong organisational support to the analysts carrying out the work.