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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
Testimonials (2)
the practical part
Daniela Mirevska
Course - Business Process Modelling in BPMN 2.0
The trainer shared his knowledge and led great atmosphere.