aes26 International Evaluation Conference

Authors: Kate Cherry, CSIRO, Jake Clark, CSIRO, David Marchant, Inform Economics
Stepping into the unknown and daunting space of economic evaluation represented a new challenge for the Impact and Evaluation team in the Commonwealth Scientific and Industrial Research Organisation (CSIRO) Education and Outreach. In collaboration with our more experienced guide, external consultant Inform Economics, we successfully delivered a cost benefit analysis of CSIRO’s Generation STEM Links program, funded by the New South Wales Government through the Science and Industry Endowment Fund. This evaluation generated valued learnings for all involved and created new impact evidence. This economic evidence was utilised by our program delivery and industry engagement teams and was significant to our government funders and current public policy.

Economic evaluations are a rare approach in program evaluation, and almost non-existent in the STEM education sector, which prioritises learning outcomes and lacks economic evaluation capability. Navigating between theory and the realities of practice to deliver a cost-benefit analysis was challenging; by sharing our experiences and learnings we aim to inspire others to take up the challenge.

As Australia’s national science agency, the CSIRO has been engaging partners in STEM education programs and evaluations for over 40 years. The Impact and Evaluation team is generating and sharing new evidence to inform practice and decision-making in our work and the STEM education ecosystem.

This session features insights from CSIRO and Inform Economics, with a focus on their collaboration to undertake a cost benefit analysis. This session will cover:

•deciding to undertake an economic evaluation
•data collection and analysis methods used
•capabilities required to do a CBA
•findings from the Generation STEM Links cost-benefit analysis
•experiences of this cross-sector partnership
•key lessons learned from the project and future implications

This session will be of interest to those have undertaken or are considering undertaking an economic evaluation.