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 Duration 21 hours

Course Outline

Introduction to Cost-Effectiveness Analysis

  • The role and benefits of cost-effectiveness reasoning
  • Distinguishing cost-effectiveness from other assessment methodologies
  • Defining alternatives and framing decision-making questions

Identifying and Measuring Costs

  • Direct, indirect, and opportunity costs
  • Strategies for cost categorization and distribution
  • Integrating cost data into comparative evaluations

Identifying and Measuring Outcomes

  • Variations in outcome types across different industries and settings
  • Quantifying performance metrics, benefits, or impacts
  • Incorporating qualitative outcomes into structured analyses

Cost-Effectiveness Ratios and Comparative Analysis

  • Calculating average cost-effectiveness ratios
  • Determining incremental cost-effectiveness ratios
  • Interpreting ratios to inform decision-making

Decision Frameworks and Analytical Techniques

  • Utilizing decision matrices and scoring mechanisms
  • Conducting sensitivity tests on critical variables
  • Constructing scenarios and comparing alternatives

Uncertainty, Assumptions, and Validation

  • Mitigating data gaps and incomplete information
  • Testing the robustness of cost and outcome inputs
  • Validating conclusions for stakeholder review

Presenting and Communicating Results

  • Creating concise evaluation summaries
  • Visualizing comparisons and key insights
  • Substantiating recommendations with solid evidence

Applied Workshop: Executing a Comprehensive Cost-Effectiveness Assessment

  • Analyzing a multi-option scenario
  • Implementing end-to-end analytical procedures
  • Developing decision-focused evaluation outputs

Summary and Future Directions

Requirements

  • A grasp of core financial or analytical principles
  • Prior experience in assessing project options or alternative solutions
  • Basic competency in quantitative reasoning

Target Audience

  • Specialists engaged in decision analysis
  • Managers tasked with evaluating project or investment alternatives
  • Analysts providing support for business, technical, or policy-related decisions

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