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Stand Up If..
You are actively involved in Bookmobile/Outreach and love your job!
Reality Check
Do you know how your communitys movers and shakers measure success?
Warm and fuzzy stories vs. how much will it cost and what will be the benefit? With an economic downturn and a tight budget?
economic decision-making approach, used particularly in government and business, used in the assessment of whether a proposed project, program or policy is worth doing, or to choose between several alternative ones involves comparing the total expected costs of each option against the total expected benefits, to see whether the benefits outweigh the costs, and by how Wikipedia, the Free Encyclopedia. Cost-Benefit Analysis. Wikipedia, the Free much Encyclopedia. 16 Aug. 2011. Web. 17 Aug. 2011. <http://en.wikipedia.org>
Define specified time period for analysis. Make numerical summaries of costs for items being evaluated (ie. Utilities, hours of required staff, number of patrons, years of service for item, etc.). Analyze numbers pairing a cost with a benefit. Write an unbiased narrative summary.
Numerical Summary
Cost
Building Construction: $904,625 Furniture/Equip.: 89,500 Other Costs: 96,068 Total Costs: $1,090,193 Buying Purchase: Furniture/Equip.: Other Costs: Total Costs: $205,000 15,000 $220,000
Analysis of Numbers
1,090,193 / 50 = 21,803.86
220,000 / 17.5 = 12,571.43
Narrative Summary
In 10 years, building will be in need of minor repairs (carpeting, painting, etc). In 20 years, building will be in need of major repairs (roofing, major moves-not expansion, etc.). In 17.5 years, vehicle will need replaced and is likely that annual cost will go up.
Keep in mind
How
much will it cost and what will be the benefit? Who will benefit?