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Duration 21 hours
Course Outline
Fundamentals of Cost-Effectiveness Analysis
- The significance and benefits of cost-effectiveness thinking
- Contrasting cost-effectiveness with other evaluation approaches
- Clarifying alternatives and framing decision-making questions
Cost Identification and Measurement
- Direct, indirect, and opportunity costs
- Methods for classifying and allocating costs
- Integrating cost data into comparative evaluations
Outcome Identification and Measurement
- Types of outcomes relevant to different industries and contexts
- Quantifying performance metrics, benefits, or impacts
- Incorporating qualitative outcomes into structured analysis
Cost-Effectiveness Ratios and Comparative Assessment
- Calculation of average cost-effectiveness ratios
- Determination of incremental cost-effectiveness ratios
- Interpreting ratios to aid in decision-making
Decision Frameworks and Analytical Methods
- Utilization of decision matrices and scoring systems
- Conducting sensitivity analysis on critical variables
- Developing scenarios and comparing alternatives
Managing Uncertainty, Assumptions, and Validation
- Mitigating data gaps and incomplete information
- Testing the robustness of cost and outcome inputs
- Validating conclusions for stakeholder scrutiny
Presenting and Communicating Findings
- Crafting concise and clear evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with supporting evidence
Practical Workshop: Executing a Complete Cost-Effectiveness Assessment
- Analyzing a complex, multi-option scenario
- Implementing end-to-end analytical procedures
- Generating a decision-focused evaluation report
Recap and Future Directions
Requirements
- A solid grasp of core financial or analytical principles
- Practical experience in assessing project options or alternatives
- Proficiency in fundamental quantitative reasoning
Target Audience
- Specialists engaged in decision analysis
- Managers tasked with evaluating 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.