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 Duration 21 hours

Course Outline

Overview of Cost-Effectiveness Analysis

  • The role and benefit of a cost-effectiveness mindset
  • Distinguishing cost-effectiveness from other evaluation approaches
  • Identifying alternatives and framing decision-making questions

Recognizing and Calculating Costs

  • Direct, indirect, and opportunity costs
  • Methods for classifying and allocating costs
  • Integrating cost data into comparative reviews

Identifying and Measuring Outcomes

  • Different types of outcomes across various industries
  • Quantifying performance, benefits, or impact
  • Incorporating qualitative results into structured analyses

Cost-Effectiveness Ratios and Comparative Review

  • Calculating average cost-effectiveness ratios
  • Determining incremental cost-effectiveness ratios
  • Interpreting ratios to aid decision-making

Decision Models and Analytical Approaches

  • Utilizing decision matrices and scoring models
  • Conducting sensitivity tests on critical variables
  • Developing scenarios and comparing alternatives

Uncertainty, Assumptions, and Verification

  • Managing data gaps and incomplete information
  • Evaluating the robustness of cost and outcome inputs
  • Validating findings for stakeholder evaluation

Reporting and Communicating Findings

  • Creating concise evaluation summaries
  • Visualizing comparisons and key insights
  • Backing recommendations with supporting evidence

Practical Workshop: Executing a Complete Cost-Effectiveness Assessment

  • Analyzing a scenario with multiple options
  • Implementing the full analytical process
  • Developing a decision-focused evaluation report

Requirements

  • A solid grasp of core financial or analytical principles
  • Practical experience in assessing project options or alternatives
  • Comfort with basic quantitative logic

Target Audience

  • Specialists engaged in decision analysis
  • Managers tasked with reviewing project or investment possibilities
  • Analysts providing support for business, technical, or policy-related choices

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