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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

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