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Duration 21 hours
Course Outline
Fundamentals of Cost-Effectiveness Analysis
- The role and benefit of a cost-effectiveness mindset
- Differentiating cost-effectiveness from other evaluation approaches
- Defining available options and framing decision queries
Recognizing and Calculating Costs
- Direct, indirect, and opportunity cost types
- Strategies for classifying and allocating costs
- Integrating cost data into comparative evaluations
Recognizing and Calculating Outcomes
- Variations of outcomes across different industries and settings
- Measuring performance, benefits, or overall impact
- Incorporating qualitative outcomes into structured analyses
Cost-Effectiveness Ratios and Comparative Studies
- Calculation of average cost-effectiveness ratios
- Determination of incremental cost-effectiveness ratios
- Interpreting ratios to aid in decision-making
Decision Models and Analytical Methods
- Utilizing decision matrices and scoring mechanisms
- Conducting sensitivity tests on critical variables
- Developing scenarios and comparing alternatives
Managing Uncertainty, Assumptions, and Validation
- Navigating data gaps and incomplete information
- Verifying the robustness of cost and outcome inputs
- Confirming conclusions for stakeholder scrutiny
Reporting and Sharing Results
- Creating concise and clear evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with solid evidence
Practical Workshop: Executing a Complete Cost-Effectiveness Assessment
- Analyzing a scenario with multiple options
- Implementing end-to-end analytical procedures
- Developing a decision-focused evaluation output
Recap and Future Directions
Requirements
- A solid grasp of core financial or analytical principles
- Prior experience in assessing project choices or alternatives
- Competence in basic quantitative reasoning
Target Audience
- Experts engaged in decision analysis
- Managers tasked with assessing project or investment possibilities
- 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.