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Course Outline
Foundamentals of Cost-Effectiveness Analysis
- The role and advantage of cost-effectiveness reasoning
- Distinguishing cost-effectiveness from other assessment techniques
- Identifying options and framing decision-making queries
Recognising and Calculating Costs
- Direct, indirect, and opportunity expenses
- Methods for cost categorisation and distribution
- Integrating cost data into comparative reviews
Recognising and Calculating Outcomes
- Variations in outcomes across different sectors and settings
- Measuring performance, benefits, or impact
- Incorporating non-quantifiable outcomes into structured analysis
Cost-Effectiveness Ratios and Comparative Reviews
- Average cost-effectiveness metrics
- Incremental cost-effectiveness metrics
- Applying ratios to aid decision-making
Decision Models and Analytical Methods
- Utilising decision matrices and scoring frameworks
- Conducting sensitivity analyses on critical factors
- Developing scenarios and comparing alternatives
Uncertainty, Assumptions, and Verification
- Managing data deficiencies and limited information
- Evaluating the stability of cost and outcome inputs
- Confirming findings for stakeholder scrutiny
Sharing and Communicating Findings
- Crafting concise evaluation summaries
- Displaying comparisons and key insights visually
- Backing recommendations with robust evidence
Practical Workshop: Executing a Complete Cost-Effectiveness Review
- Analysing a multi-option situation
- Implementing full-scope analytical procedures
- Developing a decision-focused evaluation report
Conclusions and Future Directions
Requirements
- A grasp of core financial or analytical principles
- Prior experience in assessing project choices or alternatives
- Competence in fundamental quantitative logic
Target Audience
- Specialists engaged in decision analysis
- Leaders tasked with reviewing project or investment opportunities
- Analysts providing support for business, technical, or policy-related decisions
21 Hours
Testimonials (2)
the practical part
Daniela Mirevska
Course - Business Process Modelling in BPMN 2.0
The trainer shared his knowledge and led great atmosphere.