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Duration 21 hours
Course Outline
Introduction to Cost-Effectiveness Analysis
- The purpose and value of cost-effectiveness thinking
- Distinguishing cost-effectiveness from other evaluation methods
- Defining alternatives and structuring decision-making questions
Identifying and Measuring Costs
- Direct, indirect, and opportunity costs
- Strategies for cost classification and allocation
- Utilizing cost data in comparative assessments
Identifying and Measuring Outcomes
- Types of outcomes across different industries and contexts
- Quantifying performance, benefits, or impact
- Incorporating qualitative outcomes into structured analysis
Cost-Effectiveness Ratios and Comparative Analysis
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Interpreting ratios to support decision-making
Decision Frameworks and Analytical Techniques
- Decision matrices and scoring systems
- Sensitivity testing for critical variables
- Building scenarios and comparing alternatives
Uncertainty, Assumptions, and Validation
- Managing data gaps and incomplete information
- Testing the robustness of cost and outcome inputs
- Validating conclusions for stakeholder review
Presenting and Communicating Results
- Structuring clear evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with evidence
Applied Workshop: Completing a Full Cost-Effectiveness Assessment
- Analyzing a multi-option scenario
- Implementing end-to-end analytical steps
- Developing a decision-oriented evaluation output
Summary and Next Steps
Requirements
- A solid grasp of fundamental financial or analytical concepts
- Prior experience in assessing project options or alternatives
- Basic proficiency in quantitative reasoning
Target Audience
- Professionals engaged in decision analysis
- Managers tasked with evaluating project or investment options
- Analysts supporting business, technical, or policy decisions
Testimonials (2)
Friendly, plenty of breaks to think about what we have learnt and lovely guy.
Leanne - Welsh Revenue Authority
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