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Duration 21 hours
Course Outline
Overview of Cost-Effectiveness Analysis
- The significance and benefits of adopting a cost-effectiveness mindset
- Differentiating cost-effectiveness from other assessment methodologies
- Defining potential alternatives and framing decision-related queries
Recognizing and Calculating Costs
- Direct, indirect, and opportunity costs
- Strategies for classifying and assigning costs
- Utilizing cost data in comparative evaluations
Recognizing and Measuring Outcomes
- Various outcome types across different industries and settings
- Measuring performance, benefits, or impact
- Incorporating qualitative outcomes into structured analysis
Cost-Effectiveness Ratios and Comparative Assessment
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Interpreting ratios to assist in decision-making
Decision Models 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 robustness of cost and outcome inputs
- Verifying conclusions for stakeholder approval
Presenting and Sharing Results
- Creating clear summaries of the evaluation
- Visualizing comparisons and key insights
- Backing recommendations with supporting evidence
Practical Workshop: Executing a Complete Cost-Effectiveness Evaluation
- Analyzing a multi-option scenario
- Implementing comprehensive analytical steps
- Developing a decision-focused evaluation output
Recap and Future Actions
Requirements
- A solid grasp of core financial or analytical principles
- Prior experience in assessing project options or alternatives
- Competence in basic quantitative reasoning
Target Audience
- Specialists engaged in decision analysis
- Managers tasked with reviewing project or investment opportunities
- 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.