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 Duration 21 hours

Course Outline

Introduction to Cost-Effectiveness Analysis

  • The role and benefit of cost-effectiveness reasoning
  • Contrasting cost-effectiveness with other assessment approaches
  • Identifying alternatives and structuring decision-related questions

Cost Identification and Measurement

  • Direct, indirect, and opportunity costs
  • Strategies for cost categorization and allocation
  • Leveraging cost data in comparative evaluations

Outcome Identification and Measurement

  • Types of outcomes across different industries and settings
  • Measuring performance, benefits, or impact
  • Incorporating qualitative outcomes into structured analysis

Cost-Effectiveness Ratios and Comparative Assessment

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

Decision Models and Analytical Methods

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

Uncertainty, Assumptions, and Verification

  • Managing data gaps and incomplete information
  • Testing the stability of cost and outcome inputs
  • Validating conclusions for stakeholder review

Presenting and Communicating Findings

  • Structuring concise evaluation summaries
  • Visualizing comparisons and key insights
  • Backing recommendations with supporting evidence

Practical Workshop: Executing a Complete Cost-Effectiveness Assessment

  • Analyzing a multi-option scenario
  • Implementing end-to-end analytical procedures
  • Developing a decision-focused evaluation output

Wrap-up and Future Steps

Requirements

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

Target Audience

  • Specialists engaged in decision analysis
  • Executives tasked with reviewing project or investment opportunities
  • Analysts assisting with business, technical, or policy-related decisions

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