Thank you for sending your enquiry! One of our team members will contact you shortly.
Thank you for sending your booking! One of our team members will contact you shortly.
Duration 21 hours
Course Outline
Introduction to Cost-Effectiveness Analysis
- The role and benefits of cost-effectiveness thinking
- Contrasting cost-effectiveness with other assessment methods
- Outlining alternatives and framing decision-making questions
Recognition and Measurement of Costs
- Direct, indirect, and opportunity costs
- Strategies for cost categorization and distribution
- Integrating cost data into comparative reviews
Recognition and Measurement of Outcomes
- Types of outcomes across various industries and environments
- Measuring performance, advantages, or impact
- Incorporating qualitative outcomes into structured analysis
Cost-Effectiveness Ratios and Comparative Reviews
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Interpreting ratios to aid decision-making
Decision-Making Frameworks and Analytical Tools
- Decision matrices and scoring models
- Sensitivity analysis for critical variables
- Developing scenarios and comparing alternatives
Uncertainty, Assumptions, and Verification
- Managing data limitations and incomplete information
- Testing the stability of cost and outcome inputs
- Validating conclusions for stakeholder evaluation
Presentation and Communication of Results
- Creating concise evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with solid evidence
Practical Workshop: Executing a Comprehensive Cost-Effectiveness Evaluation
- Analyzing a scenario with multiple options
- Implementing end-to-end analytical procedures
- Drafting a decision-focused evaluation report
Recap and Future Steps
Requirements
- Proficiency in core financial or analytical principles
- Prior experience in assessing project options or alternatives
- Basic knowledge of quantitative logic
Target Audience
- Specialists engaged in decision analysis
- Leaders tasked with reviewing project or investment opportunities
- Analysts assisting with business, 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.