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Duration 21 hours
Course Outline
Fundamentals of Cost-Effectiveness Analysis
- The purpose and strategic value of cost-effectiveness thinking.
- Contrasting cost-effectiveness with other evaluation methodologies.
- Defining alternatives and structuring key decision questions.
Identifying and Quantifying Costs
- Direct, indirect, and opportunity costs.
- Strategies for cost classification and allocation.
- Utilizing cost data in comparative evaluations.
Identifying and Measuring Outcomes
- Types of outcomes across different industries and settings.
- Quantifying performance, benefits, or impact.
- Integrating qualitative outcomes into structured analyses.
Cost-Effectiveness Ratios and Comparative Reviews
- Calculating average cost-effectiveness ratios.
- Determining incremental cost-effectiveness ratios.
- Interpreting ratios to aid in decision support.
Decision Frameworks and Analytical Methods
- Utilizing decision matrices and scoring systems.
- Conducting sensitivity tests on critical variables.
- Building scenarios and comparing alternatives.
Managing Uncertainty, Assumptions, and Validation
- Addressing data gaps and incomplete information.
- Testing the robustness of cost and outcome inputs.
- Validating conclusions for stakeholder review.
Presenting and Communicating Findings
- Structuring concise evaluation summaries.
- Visualizing comparisons and key insights.
- Backing recommendations with solid evidence.
Applied Workshop: Executing a Comprehensive Cost-Effectiveness Assessment
- Analyzing a scenario with multiple options.
- Implementing end-to-end analytical procedures.
- Developing a decision-focused evaluation output.
Conclusion and Future Steps
Requirements
- A solid grasp of core financial or analytical principles.
- Prior experience in assessing project options or alternatives.
- Basic proficiency in quantitative reasoning.
Target Audience
- Specialists engaged in decision analysis.
- Managers tasked with reviewing project or investment opportunities.
- Analysts providing support for 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.
