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Duration 21 hours
Course Outline
Foundations of Cost-Effectiveness Analysis
- The role and value of cost-effectiveness thinking
- Differentiating cost-effectiveness from other evaluation approaches
- Defining alternatives and framing decision-making questions
Cost Identification and Measurement
- Direct, indirect, and opportunity costs
- Strategies for cost classification and allocation
- Integrating cost data into comparative assessments
Outcome Identification and Measurement
- Types of outcomes across different industries and contexts
- Quantifying performance, benefits, or impact
- Incorporating qualitative outcomes into structured analysis
Ratios and Comparative Analysis
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Interpreting ratios to inform decision support
Decision Frameworks and Analytical Techniques
- Decision matrices and scoring systems
- Sensitivity testing of key variables
- Building scenarios and comparing alternatives
Managing Uncertainty, Assumptions, and Validation
- Addressing data gaps and imperfect information
- Testing the robustness of cost and outcome inputs
- Validating conclusions for stakeholder review
Presentation and Communication of Results
- Structuring clear and concise evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with robust evidence
Practical Workshop: Executing a Complete Cost-Effectiveness Assessment
- Analyzing a multi-option scenario
- Applying end-to-end analytical procedures
- Preparing a decision-focused evaluation output
Recap and Future Directions
Requirements
- A solid grasp of core financial or analytical principles
- Prior experience in assessing project options or alternatives
- Comfort with basic quantitative reasoning
Target Audience
- Specialists engaged in decision analysis
- Managers tasked with evaluating project or investment opportunities
- Analysts assisting in business, technical, or policy-driven decisions
Testimonials (1)
the lessons