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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

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