george stanley consulting provides clients with an alternative choice in economic and advisory consulting.
gsc differentiates itself by providing clients value-adding insights and establishing strategic and tactical pathways for project and program delivery.
Our economic advisory services span the following specialisations:
Cost-benefit analyses (CBA) are used to measure economic efficiency of a project or policy based on the net present value, benefit-cost ratio, internal rate of return and return on investment criteria. A CBA attempts to establish the best use of public funds based on improved social welfare. A CBA involves identifying changes in costs and benefits to the economy due to the establishment of a project or a change in government policy.
gsc provides value to clients by ensuring all cost and benefit categories are identified and measured, where quantifiable, ensuring analysis both meets any guideline requirements, but fully explores alternative methodologies and is not limited by a “tick the box” mentality.
Economic impact/contribution assessment (using input-output analysis / computable general equilibrium modelling) can be undertaken to assess the extent of business, industry or other economic activity benefits generated or supported by a project or policy.
gsc consultants understand the techniques, constraints and data requirements needed to undertake an economic contribution study that is accepted by governments and does not overstate the economic benefits of policy or investment decisions.
Consultants from gsc have experience conducting economic contribution assessments on the development of industries, such as the airports and aviation industry, and for cultural and sporting events, such as the 2006/07 Ashes cricket test series and the Australian Casinos Association.
gsc can provide clients with economic policy and strategic advice to assist in developing approaches which facilitate the best outcomes for an economy. This assistance and advice can be used in the development of strategic plans or in the assessment of the economic outcomes of policies or regulation.
When assisting with strategy and policy advice consultants from gsc ensure that the process begins by properly developing the structure of analysis to be following. This ensures that components to strategy or policy development and analysis are not missed in its formulation. Our backgrounds with major economic consultancy firms ensure that we understand how to develop appropriate strategy and policy frameworks.
Consultants from gsc have experience providing policy advice to the Department of Industry and Innovation on the establishment and support of a low carbon economy within NSW and to the Victorian Government on their Long Term Container Port Strategy.
Governments & business often seek advice on benchmarking, pricing policies and options or analysis of operational costing and cost drivers. Consultants from gsc provide a range of services in this area from theoretical advice of pricing practices to detailed calculation of organisational costs and activity based costing analysis.
The value of using gsc for these services is that we understand the theory underlying pricing and costing analysis but have a practical knowledge of market impacts and cost drivers.
Consultants from gsc have experience conducting pricing analysis of environmental efficiency products for the NSW Office of Environment and Heritage and costing studies for a variety of freight railway operators, bench-marked capital costing for Transport NSW and the Department of Health and their non-emergency patient transport operations in NSW.
Expert economic advice is essential for an understanding of the benefits and costs of different policy options, the extent to which industry restructuring is desirable and the need for and most effective forms of regulation.
Economic impact analyses are used to evaluate the effects of investments, policies, projects on a region’s economy. The region of economic interest can be a council, city, state or the country. Economic impact analyses look at future impacts of plans and regulatory changes as well as present value measures where possible providing information that is useful to decision-making on issues such as jobs, population, production, environment and output.
george stanley consulting economists have been involved in the provision of advice on how best to achieve efficiency and financial improvements through regulatory changes in a variety of sectors such as electric utility, water, communications, and transport sectors.
Business cases provide the framework for planning and managing a change initiative or proposal. Some of the questions that a business case tackles include what the business need is, benefits from investments and their alignment to organisational strategy, critical success factors, options selection process, cost-benefit analysis, financing and funding, risks and issues as well as delivery.
gsc can assist with a range of advisory services such as business case policy and process advice, project lifecycle guidance and support in business case development, feasibility and cost-benefit studies, options selection process and funding applications and investment appraisal.
gsc will provide support in economic and financial modelling required for activities such as budgeting and forecasting, funding submissions, capital planning, procurement planning, pricing, feasibility studies and strategic planning.
Government often require reviews of funding models and mechanisms of existing programs and grants management. gsc consultants have provided funding review advice to different government and local government authorities.