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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

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