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 Duration 21 hours

Course Outline

Introduction to Cost-Effectiveness Analysis

  • The significance and benefits of adopting a cost-effectiveness mindset
  • Distinguishing cost-effectiveness from other assessment methodologies
  • Specifying alternatives and framing decision-making inquiries

Recognizing and Measuring Costs

  • Direct, indirect, and opportunity costs
  • Techniques for cost classification and distribution
  • Leveraging cost data in comparative evaluations

Recognizing and Measuring Outcomes

  • Varieties of outcomes across different industries and settings
  • Measuring performance, benefits, or impacts
  • Integrating qualitative outcomes into structured analysis

Cost-Effectiveness Ratios and Comparative Evaluation

  • Calculating average cost-effectiveness ratios
  • Interpretation of ratios to aid decision-making

Decision Models and Analytical Methods

  • Utilizing decision matrices and scoring models
  • Conducting sensitivity analysis on critical variables
  • Constructing scenarios and comparing alternatives

Uncertainty, Assumptions, and Verification

  • Managing data limitations and incomplete information
  • Testing the stability of cost and outcome inputs
  • Validating conclusions for stakeholder review

Presenting and Conveying Findings

  • Developing concise evaluation summaries
  • Visualizing comparisons and key insights
  • Substantiating recommendations with empirical evidence

Practical Workshop: Executing a Comprehensive Cost-Effectiveness Evaluation

  • Analyzing a scenario with multiple options
  • Implementing analytical steps from start to finish
  • Producing a decision-focused evaluation report

Recap and Future Directions

Requirements

  • A solid grasp of core financial or analytical principles
  • Prior experience in assessing project options or alternatives
  • Proficiency in basic quantitative reasoning

Target Audience

  • Professionals engaged in decision analysis processes
  • Managers tasked with reviewing project or investment choices
  • Analysts providing support for business, technical, or policy-related decisions

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