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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

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