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 Duration 21 hours

Course Outline

Foundations of Cost-Effectiveness Analysis

  • The purpose and strategic value of cost-effectiveness thinking
  • Contrasting cost-effectiveness with other evaluation methodologies
  • Defining alternatives and framing decision-making questions

Recognising and Measuring Costs

  • Direct, indirect, and opportunity costs
  • Strategies for cost classification and allocation
  • Incorporating cost data into comparative assessments

Recognising and Measuring Outcomes

  • Varieties of outcomes across different industries and contexts
  • Quantifying performance, benefits, or impact
  • Integrating qualitative outcomes into structured analysis

Cost-Effectiveness Ratios and Comparative Analysis

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

Decision Frameworks and Analytical Techniques

  • Decision matrices and scoring systems
  • Sensitivity testing for critical variables
  • Scenario construction and comparison of 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 Results

  • Crafting clear and concise evaluation summaries
  • Visualising comparisons and key insights
  • Underpinning recommendations with robust evidence

Applied Workshop: Executing a Comprehensive Cost-Effectiveness Assessment

  • Analysing a multi-option scenario
  • Implementing end-to-end analytical steps
  • Producing a decision-focused evaluation output

Summary and Future Directions

Requirements

  • A foundational grasp of core financial or analytical principles
  • Prior experience in assessing project options or alternatives
  • Proficiency in basic quantitative reasoning

Target Audience

  • Professionals engaged in decision analysis
  • Managers tasked with evaluating project or investment choices
  • Analysts providing support for business, technical, or policy-related decisions

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Provisional Upcoming Courses (Require 5+ participants)

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