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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
Testimonials (2)
the practical part
Daniela Mirevska
Course - Business Process Modelling in BPMN 2.0
The trainer shared his knowledge and led great atmosphere.