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Duration 21 hours
Course Outline
Introduction to Cost-Effectiveness Analysis
- The purpose and strategic value of cost-effectiveness thinking
- Distinguishing cost-effectiveness from other evaluation methodologies
- Defining alternatives and framing decision-making questions
Identifying and Measuring Costs
- Direct, indirect, and opportunity costs
- Strategies for cost classification and allocation
- Utilising cost data within comparative assessments
Identifying and Measuring Outcomes
- Types of outcomes across different industries and contexts
- Quantifying performance, benefits, or impact
- Integrating qualitative outcomes into structured analysis
Cost-Effectiveness Ratios and Comparative Analysis
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Interpreting ratios to support decision-making
Decision Frameworks and Analytical Techniques
- Decision matrices and scoring systems
- Conducting sensitivity tests on key variables
- Building scenarios and comparing alternatives
Uncertainty, Assumptions, and Validation
- Navigating data gaps and imperfect information
- Testing the robustness of cost and outcome inputs
- Validating conclusions for stakeholder review
Presenting and Communicating Results
- Crafting clear and concise evaluation summaries
- Visualising comparisons and key insights
- Backing recommendations with robust evidence
Applied Workshop: Completing a Full Cost-Effectiveness Assessment
- Analysing a multi-option scenario
- Implementing end-to-end analytical procedures
- Developing a decision-focused evaluation output
Summary and Next Steps
Requirements
- A solid grasp of core financial or analytical principles
- Practical experience in appraising project options or alternatives
- Competence in fundamental quantitative reasoning
Target Audience
- Professionals engaged in decision analysis
- Managers tasked with assessing project or investment opportunities
- Analysts providing support for business, technical, or policy-driven 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.