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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

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