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 Duration 21 hours

Course Outline

Foundations of Cost-Effectiveness Analysis

  • The objective and strategic value of cost-effectiveness thinking
  • Distinguishing cost-effectiveness from other evaluation methodologies
  • Defining options and framing decision-making queries

Cost Identification and Measurement

  • Direct, indirect, and opportunity costs
  • Strategies for cost categorization and distribution
  • Leveraging cost data in comparative reviews

Outcome Identification and Measurement

  • Types of outcomes relevant to different industries and settings
  • Measuring performance, advantages, or impact
  • Integrating qualitative outcomes into structured evaluations

Cost-Effectiveness Ratios and Comparative Review

  • Average cost-effectiveness ratios
  • Incremental cost-effectiveness ratios
  • Interpreting ratios to aid decision-making

Decision Models and Analytical Methods

  • Decision matrices and scoring mechanisms
  • Conducting sensitivity analysis on critical variables
  • Constructing scenarios and comparing alternatives

Managing Uncertainty, Assumptions, and Verification

  • Mitigating data gaps and incomplete information
  • Testing the robustness of cost and outcome inputs
  • Validating findings for stakeholder review

Reporting and Communication of Findings

  • Crafting concise evaluation summaries
  • Visualizing comparisons and key insights
  • Backing recommendations with empirical evidence

Practical Workshop: Executing a Comprehensive Cost-Effectiveness Evaluation

  • Analyzing a multi-option scenario
  • Implementing full-cycle analytical steps
  • Developing a decision-focused evaluation output

Conclusion and Future Directions

Requirements

  • A solid grasp of core financial or analytical principles
  • Prior experience in assessing project choices or alternatives
  • Proficiency in basic quantitative logic

Target Audience

  • Professionals engaged in decision analysis processes
  • Managers tasked with assessing project or investment opportunities
  • Analysts providing support for business, technical, or policy-level decisions

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