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 Duration 21 hours

Course Outline

Introduction to Cost-Effectiveness Analysis

  • The purpose and benefits of adopting a cost-effectiveness mindset
  • Distinguishing cost-effectiveness from other assessment methods
  • Defining options and framing decision-making questions

Identifying and Measuring Costs

  • Direct, indirect, and opportunity costs
  • Strategies for classifying and allocating costs
  • Leveraging cost data in comparative evaluations

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 support decision-making

Decision Frameworks and Analytical Techniques

  • Decision matrices and scoring systems
  • Sensitivity testing of critical variables
  • Building scenarios and comparing alternatives

Uncertainty, Assumptions, and Validation

  • Managing data gaps and incomplete information
  • Testing the robustness of cost and outcome inputs
  • Validating conclusions for stakeholder review

Presenting and Communicating Results

  • Structuring concise evaluation summaries
  • Visualizing comparisons and key insights
  • Backing recommendations with evidence

Applied Workshop: Completing a Full Cost-Effectiveness Assessment

  • Analyzing a multi-option scenario
  • Implementing end-to-end analytical steps
  • Preparing a decision-focused evaluation output

Summary and Next Steps

Requirements

  • A grasp of core financial or analytical principles
  • Experience in assessing project options or alternatives
  • Proficiency in basic quantitative reasoning

Audience

  • Professionals engaged in decision analysis
  • Managers tasked with evaluating project or investment choices
  • Analysts supporting business, technical, or policy decisions

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