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Duration 21 hours
Course Outline
Introduction to Cost-Effectiveness Analysis
- The significance and utility of cost-effectiveness thinking
- Differentiating cost-effectiveness from other evaluation methodologies
- Defining options and framing decision-making inquiries
Determining and Quantifying Costs
- Direct, indirect, and opportunity costs
- Strategies for cost categorization and allocation
- Integrating cost data into comparative evaluations
Determining and Quantifying Outcomes
- Varieties of outcomes across different industries and settings
- Measuring performance, advantages, or impact
- Incorporating qualitative outcomes into structured analysis
Cost-Effectiveness Ratios and Comparative Assessment
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Utilizing ratios to inform decision-making
Decision Models and Analytical Approaches
- Decision matrices and scoring mechanisms
- Conducting sensitivity analysis on critical variables
- Developing scenarios and comparing alternatives
Managing Uncertainty, Assumptions, and Verification
- Addressing data limitations and incomplete information
- Verifying the stability of cost and outcome inputs
- Confirming conclusions for stakeholder scrutiny
Presenting and Communicating Findings
- Creating concise evaluation summaries
- Visualizing comparisons and key insights
- Substantiating recommendations with supporting evidence
Practical Workshop: Completing a Comprehensive Cost-Effectiveness Evaluation
- Analyzing a complex, multi-option scenario
- Implementing a full end-to-end analytical process
- Producing a decision-focused evaluation report
Wrap-up and Future Actions
Requirements
- Basic knowledge of financial or analytical principles
- Prior experience in assessing project options or alternatives
- Proficiency in fundamental quantitative reasoning
Target Audience
- Specialists engaged in decision analysis
- Managers overseeing the evaluation of project or investment choices
- Analysts assisting with 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.