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 Duration 21 hours

Course Outline

Foundations of Cost-Effectiveness Analysis

  • The role and significance of cost-effectiveness perspectives
  • Contrasting cost-effectiveness with other assessment approaches
  • Outlining alternatives and framing decision-making issues

Determining and Calculating Costs

  • Direct, indirect, and opportunity costs
  • Methods for classifying and distributing costs
  • Leveraging cost data for comparative reviews

Determining and Calculating Outcomes

  • Varieties of outcomes across different sectors and situations
  • Measuring performance, benefits, or impact
  • Integrating qualitative outcomes into structured assessments

Cost-Effectiveness Ratios and Comparative Studies

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

Decision Models and Analytical Methods

  • Decision matrices and scoring mechanisms
  • Sensitivity analysis for critical variables
  • Constructing scenarios and comparing options

Uncertainty, Assumptions, and Verification

  • Managing data gaps and incomplete information
  • Checking the stability of cost and outcome inputs
  • Validating findings for stakeholder scrutiny

Reporting and Conveying Findings

  • Creating clear evaluation summaries
  • Visualizing comparisons and key insights
  • Backing recommendations with supporting evidence

Practical Workshop: Executing a Complete Cost-Effectiveness Assessment

  • Analyzing a scenario with multiple options
  • Implementing end-to-end analytical procedures
  • Developing a decision-focused evaluation report

Recap and Future Directions

Requirements

  • A solid grasp of core financial or analytical principles
  • Practical experience in assessing project choices or alternatives
  • Basic proficiency in quantitative reasoning

Target Audience

  • Specialists engaged in decision analysis
  • Leaders tasked with appraising project or investment opportunities
  • Analysts providing support for business, technical, or policy-related decisions

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