The US Dept. of Transportation sponsored a day-long training workshop in Washington DC (broadcast live via internet) to provide local, regional and state agencies and consultants with an introduction to best practice in defining benefit/cost analysis for transportation infrastructure investment. The workshop summary notes that: "There is growing emphasis on the use of benefit/cost analysis for evaluating transportation projects funded by discretionary federal transportation programs. The workshop begins with an overview of benefit/cost analysis and a discussion of the differences between benefit/cost analysis and economic impact analysis. Other topics include job creation and real estate investment benefits, and measuring the benefits of the U.S. Department of Transportation's strategic goals - safety, livable communities, state-of-good-repair, economic competitiveness, and environmental sustainability."
Glen Weisbrod, President of EDR Group was a featured speaker, focusing on the topic of "Being Clear about Benefit/Cost Analysis and Economic Impact Analysis." You can view a video of the workshop or view the Power Point slides produced by Mr. Weisbrod. The slides also demonstrate how TREDIS reports can be used to display and distinguish between the very different viewpoints of BCA(Benefit-Cost Analysis) and EIA (Economic Impact Analysis).
View the Workshop Agenda: Benefit/Cost Analysis for Transportation Infrastructure: A Practitioner's Workshop
View the Slide Show: "Being Clear about Benefit/Cost Analysis and Economic Impact Analysis"
View the Workshop Video (the 30 minute presentation by G. Weisbrod can be seen by sliding the viewer ball to view the period of 1:01 to 1:32)