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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

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