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Course Outline

Introduction to Cost-Effectiveness Analysis

  • The role and value of cost-effectiveness thinking
  • Distinguishing cost-effectiveness from other evaluation methods
  • Defining options and framing decision-making questions

Recognizing and Measuring Costs

  • Direct, indirect, and opportunity costs
  • Strategies for cost classification and allocation
  • Utilizing cost data in comparative evaluations

Recognizing and Measuring Outcomes

  • Variations in outcomes across different industries and settings
  • Measuring performance, benefits, or impact
  • Integrating qualitative outcomes into structured analysis

Cost-Effectiveness Ratios and Comparative Assessment

  • Average cost-effectiveness ratios
  • Incremental cost-effectiveness ratios
  • Interpreting ratios to aid decision-making

Decision Frameworks and Analytical Methods

  • Decision matrices and scoring mechanisms
  • Conducting sensitivity tests on critical variables
  • Developing scenarios and comparing alternatives

Uncertainty, Assumptions, and Verification

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

Presenting and Communicating Findings

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

Practical Workshop: Completing a Full Cost-Effectiveness Assessment

  • Analyzing a scenario with multiple options
  • Implementing end-to-end analytical procedures
  • Drafting a decision-focused evaluation report

Recap and Future Steps

Requirements

  • A grasp of core financial or analytical principles
  • Prior experience in assessing project options or alternatives
  • Basic proficiency in quantitative reasoning

Target Audience

  • Professionals engaged in decision analysis
  • Managers tasked with assessing project or investment choices
  • Analysts supporting business, technical, or policy-related decisions
 21 Hours

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