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1. Find, summarize and send a link
1. Find, summarize and send a link to an article or study where a public entity made a serious short-term or long-term financial forecasting decision which caused an agency or program to fail or to require substantial increases in taxation or appropriations. Identify the errors that were made in the forecasting process. Discuss your findings and recommendations with your peers.2. Cost-benefit analysis is certainly effective in the private, for profit sector. What problems could over-reliance on cost-benefit analysis cause in the public sector if it was the sole decision paradigm applied to all public sector decisions? Give an example or two to demonstrate your points and discuss this issue with your peers.
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