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Course Outline

Introduction to Cost-Effectiveness Analysis

  • The purpose and value of a cost-effectiveness mindset
  • Contrasting cost-effectiveness with other evaluation methodologies
  • Defining alternatives and structuring decision-related questions

Identifying and Measuring Costs

  • Direct, indirect, and opportunity costs
  • Strategies for cost classification and allocation
  • Leveraging cost data in comparative assessments

Identifying and Measuring Outcomes

  • Types of outcomes across various industries and contexts
  • Quantifying performance, benefits, or impact
  • Managing qualitative outcomes within 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 for key variables
  • Scenario-building and comparing alternatives

Uncertainty, Assumptions, and Validation

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

Presenting and Communicating Results

  • Structuring clear evaluation summaries
  • Visualizing comparisons and insights
  • Backing recommendations with evidence

Applied Workshop: Completing a Full Cost-Effectiveness Assessment

  • Examining a multi-option scenario
  • Applying end-to-end analytical steps
  • Preparing a decision-oriented evaluation output

Summary and Next Steps

Requirements

  • A solid grasp of basic financial or analytical principles
  • Practical experience in assessing project options or alternatives
  • Competence in fundamental quantitative reasoning

Target Audience

  • Professionals engaged in decision analysis
  • Managers tasked with evaluating project or investment choices
  • Analysts aiding business, technical, or policy decisions
 21 Hours

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