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Duration 21 hours
Course Outline
Overview of Cost-Effectiveness Analysis
- The role and significance of cost-effectiveness perspectives
- Distinguishing cost-effectiveness from other assessment methodologies
- Identifying alternatives and framing decision-making challenges
Recognizing and Calculating Costs
- Direct, indirect, and opportunity costs
- Strategies for classifying and allocating expenses
- Integrating cost data into comparative evaluations
Recognizing and Calculating Outcomes
- Types of outcomes in different industries and settings
- Measuring performance, benefits, or impact
- Incorporating qualitative outcomes into structured assessments
Cost-Effectiveness Ratios and Comparative Evaluation
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Utilizing ratios to aid in decision-making
Decision-Making Models and Analytical Approaches
- Decision matrices and scoring mechanisms
- Sensitivity analysis for critical variables
- Constructing scenarios and comparing alternatives
Uncertainty, Assumptions, and Verification
- Managing data gaps and incomplete information
- Verifying the reliability of cost and outcome inputs
- Confirming conclusions for stakeholder consideration
Reporting and Communicating Findings
- Crafting concise evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with solid evidence
Practical Workshop: Conducting a Comprehensive Cost-Effectiveness Assessment
- Analyzing a scenario with multiple options
- Implementing the full analytical process
- Developing a decision-focused evaluation report
Recap and Future Steps
Requirements
- A solid grasp of core financial or analytical principles
- Prior experience in assessing project choices or alternatives
- Proficiency in fundamental quantitative logic
Target Audience
- Professionals engaged in decision analysis
- Managers tasked with reviewing project or investment opportunities
- Analysts providing support for business, technical, or policy 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.