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Duration 21 hours
Course Outline
Introduction to Cost-Effectiveness Analysis
- The purpose and strategic value of cost-effectiveness thinking
- Differentiating cost-effectiveness from other evaluation methodologies
- Defining alternatives and framing decision-making questions
Cost Identification and Measurement
- Direct, indirect, and opportunity costs
- Strategies for cost classification and allocation
- Integrating cost data into comparative assessments
Outcome Identification and Measurement
- Types of outcomes across different industries and settings
- Quantifying performance, benefits, and impact
- Incorporating qualitative outcomes into structured analyses
Ratios and Comparative Analysis
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Interpreting ratios to support decision-making
Decision Frameworks and Analytical Methods
- Decision matrices and scoring mechanisms
- Sensitivity testing for critical variables
- Constructing 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 Findings
- Crafting clear evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with evidence
Applied Workshop: Executing a Full Cost-Effectiveness Assessment
- Analyzing a multi-option scenario
- Applying end-to-end analytical steps
- Developing a decision-focused evaluation output
Recap and Future Directions
Requirements
- A solid 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 reviewing project or investment choices
- Analysts providing support for 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.