The Economic Society of Australia (NSW Branch) in conjunction with NSW Department of Industry invites you to participate in the third cost benefit analysis (CBA) community of practice. Broadly, the goal of the CBA Community of Practice will be to provide a forum for practitioners to meet and discuss common issues in preparing CBAs for government investment and policy. Our next Community of Practice  meeting will be held on 21 October from 11.15 am - 1.00 pm. Tea and coffee will be available on arrival (no lunch will be served) The topic will be managing uncertainty in undertaking CBA. Pre-reading:  Take a look at Leo Dobes’ presentation from the from 2014 CBA forum http://esacentral.org.au/nsw/files/2014/07/07-Leo-Dobes.pdf Questions for discussion will include the following:

• How significant is the issue of uncertainty in CBA?

o   How has it affected the selected option?

o   The communication of selected options

• What are some of the biases we face in assessing risk and uncertainty?
• What techniques do we use for dealing with uncertainty in CBA?

o   Quantitative (e.g. monte-carlo)

o   Qualitative (e.g. independent peer-review)

o   What about in option design?

• How effective are the techniques?

o   In terms of accuracy? What about transparency?

• What do you do when information is simply not available?

There is no charge for this event - to book your place, complete the booking form below.