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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
- Defining options and framing decision problems
Cost Identification and Measurement
- Direct, indirect, and opportunity costs
- Strategies for classifying and allocating costs
- Integrating cost data into comparative evaluations
Outcome Identification and Measurement
- Types of outcomes across different sectors and settings
- Quantifying performance, benefits, or impact
- Incorporating qualitative outcomes into structured analysis
Cost-Effectiveness Ratios and Comparative Assessment
- Calculating average cost-effectiveness ratios
- Determining incremental cost-effectiveness ratios
- Interpreting ratios to aid decision-making
Decision Models and Analytical Methods
- Utilizing decision matrices and scoring systems
- Conducting sensitivity tests on critical variables
- Developing scenarios and comparing alternatives
Managing Uncertainty, Assumptions, and Validation
- Addressing data limitations and incomplete information
- Testing the robustness of cost and outcome inputs
- Validating findings for stakeholder review
Communicating Findings and Recommendations
- Structuring concise evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with supporting evidence
Practical Workshop: Executing a Complete Cost-Effectiveness Evaluation
- Analyzing a scenario with multiple options
- Implementing the full analytical workflow
- Generating a decision-focused evaluation report
Recap and Forward-Looking Actions
Requirements
- A solid grasp of core financial or analytical principles
- Prior experience in assessing project choices or alternatives
- Proficiency in basic quantitative logic
Target Audience
- Specialists engaged in decision analysis
- Managers tasked with reviewing project or investment opportunities
- Analysts supporting strategic, technical, or policy-related choices
Testimonials (2)
the practical part
Daniela Mirevska
Course - Business Process Modelling in BPMN 2.0
The trainer shared his knowledge and led great atmosphere.