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 Duration 21 hours

Course Outline

Foundations of Cost-Effectiveness Analysis

  • The purpose and strategic value of cost-effectiveness reasoning
  • Differentiating cost-effectiveness from other assessment methodologies
  • Defining distinct alternatives and framing decision-making questions

Recognizing and Quantifying Costs

  • Direct, indirect, and opportunity cost categories
  • Strategies for cost classification and resource allocation
  • Integrating cost data into comparative evaluations

Recognizing and Quantifying Outcomes

  • Diverse types of outcomes across different industries and settings
  • Measuring performance, benefits, or impact levels
  • Incorporating qualitative outcomes into structured evaluations

Cost-Effectiveness Ratios and Comparative Evaluation

  • Calculating average cost-effectiveness ratios
  • Determining incremental cost-effectiveness ratios
  • Interpreting ratio data to aid decision processes

Decision Models and Analytical Methods

  • Utilizing decision matrices and scoring frameworks
  • Conducting sensitivity tests on critical variables
  • Constructing scenarios and comparing alternatives

Managing Uncertainty, Assumptions, and Verification

  • Addressing data limitations and incomplete information
  • Testing the stability of cost and outcome inputs
  • Verifying conclusions for stakeholder review

Reporting and Communicating Findings

  • Creating concise and clear evaluation summaries
  • Visualizing comparative data and key insights
  • Substantiating recommendations with supporting evidence

Practical Workshop: Executing a Comprehensive Cost-Effectiveness Evaluation

  • Analyzing a complex scenario with multiple options
  • Implementing the full cycle of analytical steps
  • Developing a decision-focused evaluation report

Wrap-up and Future Directions

Requirements

  • A solid grasp of core financial or analytical principles
  • Prior experience in assessing project alternatives or options
  • Basic proficiency in quantitative reasoning

Intended Participants

  • Specialists engaged in decision analysis
  • Managers tasked with reviewing project or investment opportunities
  • Analysts who provide support for business, technical, or policy-related decisions

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