To facilitate the collection of cost data and the execution of cost and cost-effectiveness analyses, CBCSE has developed CostOut – The CBCSE Cost Tool Kit. CostOut was developed under a grant from the U.S. Department of Education, Institute for Education Sciences (Award #R305U130001) with the goal of helping education practitioners, researchers, and policymakers conduct cost analyses and cost-effectiveness analyses of educational interventions in order to facilitate resource allocation decisions.
CostOut, a free online tool, prompts the user to list all ingredients required for an intervention being evaluated and to assign appropriate prices based on the quantity and quality of ingredients needed. CostOut will automatically make any necessary adjustments for inflation, geographical location, and, for multi-year programs, time of investment. It will calculate the total costs of the program being analyzed, the costs per participant and, where relevant, the cost-effectiveness ratio. Excel reports are provided for each program analyzed and comparative tables and charts are available for programs being compared. Video tutorials, demonstration analyses, a User Manual, and various other resources are provided to help users apply CostOut to their own programs.