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