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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

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