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Course Outline
Foundations of Cost-Effectiveness Analysis
- The utility and significance of cost-effectiveness reasoning
- Differentiating cost-effectiveness from other assessment techniques
- Specifying options and framing decision-making inquiries
Recognizing and Quantifying Costs
- Direct, indirect, and opportunity expenses
- Strategies for cost categorization and distribution
- Integrating cost data into comparative evaluations
Recognizing and Quantifying Outcomes
- Varieties of outcomes relevant to different industries and situations
- Measuring performance, advantages, or broader impacts
- Incorporating qualitative results into structured assessments
Cost-Effectiveness Ratios and Comparative Studies
- Calculation of average cost-effectiveness ratios
- Determination of incremental cost-effectiveness ratios
- Interpreting ratio data to aid decision-making
Decision Models and Analytical Procedures
- Utilizing decision matrices and scoring mechanisms
- Conducting sensitivity tests on critical factors
- Developing scenarios and comparing distinct alternatives
Managing Uncertainty, Assumptions, and Verification
- Mitigating data limitations and incomplete information
- Evaluating the stability of cost and outcome inputs
- Confirming conclusions for stakeholder scrutiny
Delivering and Articulating Findings
- Organizing concise evaluation reports
- Visualizing comparative data and key insights
- Backing recommendations with robust evidence
Practical Workshop: Executing a Comprehensive Cost-Effectiveness Assessment
- Analyzing a complex, multi-option scenario
- Implementing full-cycle analytical procedures
- Producing a decision-focused evaluation deliverable
Recap and Subsequent Actions
Requirements
- A solid grasp of core financial or analytical principles
- Practical experience in assessing project choices or alternative options
- Proficiency in foundational quantitative logic
Intended Learners
- Specialists engaged in decision analysis processes
- Executives tasked with reviewing project or investment opportunities
- Analysts providing support for commercial, 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.