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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

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