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<br />Section 9: Cost-Effectiveness <br /> <br />) Contents <br /> <br />Cost-Effective Projects............................................................................................................................. . 9-1 <br />Who Does the Analysis?.. ..................... .............................. ........... ........ .............. ..... ..... ....... ........... ......... 9-1 <br />Guidance on Cost-Effectiveness Review .................................................................................................. 9-1 <br />What "Cost-Effective" Means..................................................................................................................... 9-1 <br />Net Present Value... .............. ............. ..................... ... ........... ... ..... .............. ................. .......... ...... .... 9-1 <br />Guidance and Discount Rates for Benefit-Cost Analysis of Federal Programs........................................ 9-1 <br />Thorough Assessment............................................................................................................................... 9-2 <br />Potential Projects Requiring No Benefit-Cost Analysis ................................................................... 9-2 <br />How FEMA and States Determine Cost-Effectiveness ............................................................................. 9-3 <br /> <br />Benefits and Costs.............................................................................................................................. ....... 9-4 <br />Benefits............................................................................................................................ ................ 9-4 <br />Direct Benefits............................................................................................................................ ...... 9-5 <br />Indirect Benefits Not Included..........................................................................................................9-5 <br /> <br />Costs............................................................................................................................. ................... 9-5 <br />Data Necessary ............................................................................................................................... 9-5 <br />Learning More About Benefit-Cost Analysis.................................................................. ............................9-6 <br />Job Aid 9-1: Key Data Needed for Analyzing Project Applications .......................................................... 9-7 <br /> <br />Hazard Mitigation Grant Program Desk Reference-Draft <br />