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Course Outline

Foundations of Cost-Effectiveness Analysis

  • The purpose and strategic value of cost-effectiveness thinking
  • Distinguishing cost-effectiveness from other evaluation approaches
  • Defining options and structuring the core decision question

Recognizing and Measuring Costs

  • Understanding direct, indirect, and opportunity costs
  • Strategies for cost classification and allocation
  • Utilizing cost data for comparative evaluation

Recognizing and Measuring Outcomes

  • Types of outcomes across different industries and settings
  • Quantifying performance metrics, benefits, or impacts
  • Incorporating qualitative results into structured analysis

Cost-Effectiveness Ratios and Comparative Evaluation

  • Calculating average cost-effectiveness ratios
  • Computing incremental cost-effectiveness ratios
  • Interpreting ratios to guide decision-making

Decision-Making Frameworks and Analytical Tools

  • Utilizing decision matrices and scoring systems
  • Conducting sensitivity tests on critical variables
  • Building scenarios and comparing alternatives

Managing Uncertainty, Assumptions, and Validation

  • Addressing data gaps and incomplete information
  • Testing the robustness of cost and outcome inputs
  • Validating conclusions for stakeholder review

Presenting and Communicating Findings

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

Practical Workshop: Executing a Comprehensive Cost-Effectiveness Assessment

  • Analyzing a complex, multi-option scenario
  • Implementing end-to-end analytical procedures
  • Developing a decision-focused evaluation report

Conclusion and Future Directions

Requirements

  • A solid grasp of core financial or analytical principles
  • Experience in assessing project options or alternatives
  • Proficiency in basic quantitative reasoning

Target Audience

  • Professionals engaged in decision analysis
  • Managers tasked with evaluating project or investment choices
  • Analysts supporting business, technical, or policy decisions
 21 Hours

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