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Dollars and Sense: Return on Investment in Youth Substance Abuse Prevention Programs

Executive Order 13514.

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Dollars and Sense: Return on Investment in Youth Substance Abuse Prevention Programs

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    1. Dollars and Sense: Return on Investment in Youth Substance Abuse Prevention Programs Ted R Miller, PhD, PIRE miller@pire.org 410-381-1197

    2. Executive Order 13514 “It is . . . the policy of the United States that . . . agencies shall prioritize actions based on a full accounting of both economic and social benefits and costs and shall drive continuous improvement by annually evaluating performance, extending or expanding projects that have net benefits, and reassessing or discontinuing under-performing projects.”

    3. WHY ANALYZE COST SAVINGS?

    4. Why Analyze Cost Savings? Project financial soundness Compare alternatives Evaluate return on investment Fund-raising: savings to prospective & actual funders Public/political

    5. You are the Governor of OH 11.4 M residents 110K deaths in 2001 Can I convince you to continue my $2 M alcohol-related injury prevention program?

    6. We did a thorough evaluation. The results are highly significant statistically. Our program reduced deaths and hospital admissions due to alcohol-related injury …

    7. By 1% !!!!

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