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.
Course Outline
Introduction to the Principles of Cost-Effectiveness Analysis
- The role and advantage of cost-effective thinking
- Distinguishing cost-effectiveness from other evaluation methodologies
- Defining potential alternatives and framing decision-making questions
Identifying and Calculating Costs
- Understanding direct, indirect, and opportunity costs
- Strategies for classifying and allocating costs
- Incorporating cost data into comparative reviews
Identifying and Calculating Outcomes
- Types of outcomes relevant to different industries and situations
- Measuring performance, benefits, and impact
- Integrating qualitative results into structured analysis
Cost-Effectiveness Ratios and Comparative Reviews
- Calculating average cost-effectiveness ratios
- Determining incremental cost-effectiveness ratios
- Interpreting ratios to support decision-making
Decision-Making Frameworks 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
- Testing the reliability of cost and outcome inputs
- Verifying conclusions for stakeholder feedback
Presenting and Communicating Findings
- Organizing concise evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with robust evidence
Practical Workshop: Executing a Comprehensive Cost-Effectiveness Evaluation
- Analyzing a scenario with multiple options
- Implementing the full analytical process from start to finish
- Developing a decision-focused evaluation output
Conclusion and Path Forward
Requirements
- A grasp of core financial or analytical principles
- Background experience in assessing project alternatives or options
- Proficiency in basic quantitative logic
Target Audience
- Specialists engaged in decision analysis
- Managers tasked with reviewing project or investment opportunities
- Analysts aiding in business, technical, or policy-related decisions
21 Hours
Testimonials (2)
The trainer shared his knowledge and led great atmosphere.
Agnieszka Dubanska - Narodowy Fundusz Zdrowia
Course - Modelowanie procesów biznesowych z wykorzystaniem UML i BPMN
the lessons