A research project was undertaken to design, develop, implement, and test a model to examine and evaluate curriculum programs on a cost efficiency basis. The researchers used existing information and the computerized data management system at Nash Technical College in Rocky Mount, North Carolina, to evaluate the cost effectiveness of each instructional center. By combining class section list data and curriculum-direct cost of instruction data, an earnback or efficiency ratio for each curriculum cost center was calculated. During the study, three different methods of calculating program costs and membership hours were compared. Of the three methods tested, researchers recommended the adoption of the method whereby instructional costs for a course are assigned to a curriculum program based upon the intent of the course and whereby all membership hours earned by a course are assigned to the curriculum program responsible for teaching the course. The designers of the project developed a detailed model for implementing such a cost analysis. Outlined in the model are specific activities to be completed by a school's instructional information system, business office, and office of the dean of curriculum programs. The model also prescribes specific procedures to be followed during the cost analysis project's preparation, operational, annual budget planning, and evaluation phases. (MN)