Thank you for sending your enquiry! One of our team members will contact you shortly.
Thank you for sending your booking! One of our team members will contact you shortly.
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
Testimonials (1)
Friendly, plenty of breaks to think about what we have learnt and lovely guy.