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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

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