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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

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