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Course Outline
Introduction to Cost-Effectiveness Analysis
- The purpose and value of a cost-effectiveness mindset
- Distinguishing cost-effectiveness from other evaluation methods
- Defining alternatives and structuring decision-related questions
Identifying and Measuring Costs
- Direct, indirect, and opportunity costs
- Strategies for cost classification and allocation
- Utilizing cost data in comparative assessments
Identifying and Measuring Outcomes
- Types of outcomes across different industries and contexts
- Quantifying performance, benefits, or impact
- Incorporating qualitative outcomes into 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 critical 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 key insights
- Backing recommendations with evidence
Applied Workshop: Conducting a Full Cost-Effectiveness Assessment
- Reviewing a multi-option scenario
- Applying end-to-end analytical steps
- Preparing an evaluation output focused on decision-making
Summary and Next Steps
Requirements
- A grasp of basic financial or analytical principles
- 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 assisting with business, technical, or policy decisions
21 Hours
Testimonials (1)
the lessons