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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
Testimonials (2)
the practical part
Daniela Mirevska
Course - Business Process Modelling in BPMN 2.0
The trainer shared his knowledge and led great atmosphere.