Land & Water Australia. 2009. Return on Investment. [Online] (Updated August 27th, 2009)
Available at: http://lwa.gov.au/node/3181 [Accessed Tuesday 22nd of October 2013 01:40:22 PM ].
Land & Water Australia has been developed a comprehensive approach to estimating the Return on Investment (ROI) from its research and development (R&D) portfolio.
The key driving question was What impact has Land & Water Australia’s research had on achieving the sustainable use and management of Australia’s natural resources?
33 innovations and programs (incorporating 630 projects) have been analysed. These cover around 25 per cent of Land & Water Australia’s appropriation since 1990 and a higher proportion of completed projects.
The ROI results shown below are highly conservative, both in terms of the assumptions made and the range of benefits covered. This also relates to the large proportion of environmental and knowledge benefits, that are difficult to evaluate and in being conservative in the analysis are likely to be underestimated.
To account effectively and fairly for returns to the nation from publicly-funded research and development, Land & Water Australia sought to:
Understand the impact of its total Research and Development investment since 1990
Identify environmental and social as well as economic returns
Estimate returns conservatively
Use consistent, independent benefit-cost analysis
Understand how past innovations have performed
Communicate the impact of innovations flowing from Research and Development
Ensure its evaluation methods and analyses are fully transparent
Allow for continuous improvement and regular updating of the Return on Investment analysis
- Economic analysis of investment in stream–aquifer interaction technical and management challenges
- Economic assessment of selected investments of the National Program for Sustainable Irrigation (Phase1)
- Land & Water Australia’s Portfolio Return on Investment 2nd Edition
- Land & Water Australia’s Portfolio Return on Investment 1st Edition