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EMCS has a long experience in performing various Feasibility studies, Cost Benefit Analysis and Economic Impact Assessments, both for the public and private sector. EMCS has a dedicated team made of economists and accountants to ensure that the most accurate results are obtained for the client.
Cost-benefit analysis (CBA) is a technique used to compare the total costs of a programme/project with its benefits, using a common metric (most commonly monetary units). This enables the calculation of the net cost or benefit associated with the programme. As a technique, it is used most often at the start of a programme or project when different options or courses of action are being appraised and compared, as an option for choosing the best approach. It can also be used, however, to evaluate the overall impact of a programme in quantifiable and monetised terms. At EMCS we have been involved in various CBAs ranging from waste management to various aspects of health services.
On the other hand, an Economic Impact assessment (EIA) is a specific form of analysis technique which calculate (1) direct, (2) indirect and (3) induced benefits from projects. Key to economic impact assessment is the consideration of multiplier effects borne out of projects, especially relating to employment and expenditure. EMCS has done various EIAs on very demanding and innovative projects ranging from new solar energy products, energy storing solutions and even an Electro-Oculography based eye gaze tracking solution.
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Silvan holds a degree in Banking and Finance from the University of Malta and an MBA from the University of Reading, with specialisation electives in Corporate Finance and Leadership in Management.