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 Duration 21 hours

Course Outline

Foundations of Cost-Effectiveness Analysis

  • The role and benefits of adopting a cost-effectiveness perspective
  • Contrasting CEA with other assessment methodologies
  • Defining options and framing decision-making issues

Recognizing and Calculating Costs

  • Direct, indirect, and opportunity expenses
  • Methods for cost categorization and distribution
  • Incorporating cost data into comparative reviews

Recognizing and Calculating Outcomes

  • Types of results observed in different industries and settings
  • Measuring performance, advantages, or impacts
  • Integrating qualitative results into formal analysis

Cost-Effectiveness Ratios and Comparative Review

  • Calculating average cost-effectiveness metrics
  • Deriving incremental cost-effectiveness ratios
  • Interpreting metrics to inform decisions

Decision Models and Analytical Methods

  • Utilizing decision matrices and scoring mechanisms
  • Conducting sensitivity tests on critical factors
  • Constructing scenarios and comparing alternatives

Uncertainty, Assumptions, and Verification

  • Managing data limitations and incomplete information
  • Checking the stability of cost and outcome inputs
  • Validating insights for stakeholder feedback

Reporting and Sharing Findings

  • Creating concise evaluation summaries
  • Visualizing comparative data and key insights
  • Backing recommendations with factual evidence

Practical Workshop: Executing a Comprehensive Cost-Effectiveness Evaluation

  • Analyzing a scenario with multiple options
  • Executing full-cycle analytical procedures
  • Developing a decision-focused evaluation report

Requirements

  • A solid grasp of core financial or analytical principles
  • Practical experience in assessing project choices or alternative solutions
  • Comfort with fundamental quantitative logic

Target Audience

  • Specialists engaged in decision analysis processes
  • Leaders tasked with reviewing project or investment prospects
  • Analysts providing support for commercial, technical, or policy-related choices

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