How We Will Assess Our Cost-Effectiveness
This section outlines how we will develop and deliver cost-effective intervention and services.
Overall approach
The Ministry will continue to ensure we provide efficient and effective services to Ministers and third party fee-payers through:
- a sharp focus on delivery of the Government's priorities at all levels throughout the organisation, from strategy to operating plans, to individual performance agreements
- targeted investment in people, processes, and systems
- continuous benchmarking, monitoring, and evaluation to identify and implement efficiency and effectiveness improvements.
Developing cost-effective policy interventions
Assessment of the cost-effectiveness of policy work is challenging. To help ensure we are implementing cost-effective policy interventions, we run a monitoring and evaluation programme to assess the cost-effectiveness of our major interventions after sufficient time has elapsed. Interventions that are not found to be cost-effective are either discontinued or modified.
Delivering cost-effective business services
We can measure the cost-effectiveness of our business services more easily and directly. In particular, we will continue to assess cost-effectiveness through the international benchmarking information contained in the Doing Business survey issued by the World Bank.
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