Definition: Cost effectiveness

Common Assessment Framework (CAF)

The relationship between the effects that are implied by the goals of the organisation and the costs - possibly including the full social cost - of achieving them.
Source:
European Network of National CAF Correspondents, European CAF Resource Centre at the European Institute of Public Administration (EIPA), "The Common Assessment Framework (CAF). Improving Public Organisations through Self-Assessment. CAF2013", Maastricht, September 2012
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