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