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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
Testimonials (2)
the practical part
Daniela Mirevska
Course - Business Process Modelling in BPMN 2.0
The trainer shared his knowledge and led great atmosphere.