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