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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
Testimonials (2)
the practical part
Daniela Mirevska
Course - Business Process Modelling in BPMN 2.0
The trainer shared his knowledge and led great atmosphere.