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 Duration 21 hours

Course Outline

Overview of Cost-Effectiveness Analysis

  • The significance and benefits of cost-effectiveness thinking
  • Differentiating cost-effectiveness from other evaluation approaches
  • Defining options and framing decision-making questions

Recognizing and Calculating Costs

  • Direct, indirect, and opportunity expenses
  • Strategies for cost categorization and distribution
  • Utilizing cost information in comparative reviews

Recognizing and Calculating Outcomes

  • Varieties of results across different industries and settings
  • Measuring performance, advantages, or impact
  • Incorporating qualitative results into structured evaluations

Cost-Effectiveness Ratios and Comparative Reviews

  • Mean cost-effectiveness ratios
  • Incremental cost-effectiveness ratios
  • Analyzing ratios to assist decision-making

Decision Models and Analytical Methods

  • Decision matrices and rating scales
  • Sensitivity analysis for critical variables
  • Constructing scenarios and comparing options

Uncertainty, Assumptions, and Verification

  • Managing data voids and incomplete information
  • Checking the reliability of cost and outcome inputs
  • Validating findings for stakeholder scrutiny

Presenting and Communicating Findings

  • Creating clear evaluation summaries
  • Visualizing comparisons and key insights
  • Backing recommendations with data

Practical Workshop: Executing a Complete Cost-Effectiveness Assessment

  • Analyzing a multi-option case study
  • Implementing full-cycle analytical procedures
  • Developing a decision-focused evaluation report

Recap and Future Directions

Requirements

  • A grasp of core financial or analytical principles
  • Prior experience in assessing project choices or alternatives
  • Proficiency in basic quantitative logic

Intended Audience

  • Experts engaged in decision analysis
  • Managers tasked with reviewing project or investment opportunities
  • Analysts supporting business, technical, or policy-related decisions

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