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Duration 21 hours
Course Outline
Introduction to Cost-Effectiveness Analysis
- The purpose and value of cost-effectiveness thinking.
- Contrasting cost-effectiveness with other evaluation methodologies.
- Defining alternatives and structuring decision-making questions.
Identifying and Measuring Costs
- Direct, indirect, and opportunity costs.
- Strategies for classifying and allocating costs.
- Leveraging cost data in comparative assessments.
Identifying and Measuring Outcomes
- Types of outcomes across different industries and contexts.
- Quantifying performance, benefits, or impact.
- Incorporating qualitative outcomes into structured analysis.
Cost-Effectiveness Ratios and Comparative Analysis
- Average cost-effectiveness ratios.
- Incremental cost-effectiveness ratios.
- Interpreting ratios to aid decision-making.
Decision Frameworks and Analytical Techniques
- Decision matrices and scoring systems.
- Sensitivity testing for critical variables.
- Building scenarios and comparing alternatives.
Uncertainty, Assumptions, and Validation
- Addressing data gaps and incomplete information.
- Testing the robustness of cost and outcome inputs.
- Validating conclusions for stakeholder review.
Presenting and Communicating Results
- Structuring clear evaluation summaries.
- Visualizing comparisons and key insights.
- Substantiating recommendations with evidence.
Applied Workshop: Conducting a Complete Cost-Effectiveness Assessment
- Analyzing a multi-option scenario.
- Applying end-to-end analytical steps.
- Preparing decision-focused evaluation outputs.
Summary and Next Steps
Requirements
- A solid grasp of basic financial or analytical principles.
- Prior experience in assessing project options or alternatives.
- Familiarity with fundamental quantitative reasoning.
Target Audience
- Professionals engaged in decision analysis.
- Managers tasked with evaluating project or investment choices.
- Analysts supporting business, technical, or policy-related decisions.
Testimonials (2)
the practical part
Daniela Mirevska
Course - Business Process Modelling in BPMN 2.0
The trainer shared his knowledge and led great atmosphere.