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Duration 21 hours
Course Outline
Foundations of Cost-Effectiveness Analysis
- The purpose and utility of cost-effectiveness reasoning
- Contrasting cost-effectiveness with other evaluation methodologies
- Defining alternatives and framing decision-making questions
Assessing and Measuring Costs
- Direct, indirect, and opportunity costs
- Strategies for cost classification and allocation
- Incorporating cost data into comparative evaluations
Assessing and Measuring Outcomes
- Different types of outcomes across various industries and settings
- Quantifying performance, benefits, or impact
- Including qualitative results in structured analyses
Cost-Effectiveness Ratios and Comparative Assessment
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Interpreting ratios to inform decision-making
Decision-Making Frameworks and Analytical Methods
- Utilizing decision matrices and scoring models
- Conducting sensitivity tests on critical variables
- Building scenarios and comparing alternatives
Managing Uncertainty, Assumptions, and Verification
- Handling data gaps and incomplete information
- Testing the robustness of cost and outcome inputs
- Validating findings for stakeholder scrutiny
Presenting and Communicating Findings
- Creating concise evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with solid evidence
Practical Workshop: Executing a Complete Cost-Effectiveness Assessment
- Analyzing a complex, multi-option scenario
- Implementing end-to-end analytical procedures
- Developing a decision-focused evaluation report
Requirements
- A solid grasp of core financial or analytical principles
- Practical experience in assessing project options or alternatives
- Comfort with fundamental quantitative logic
Target Audience
- Specialists engaged in decision analysis
- Leaders overseeing the evaluation of projects or investments
- Analysts contributing to business, technical, or policy choices
Custom Corporate Training
Training solutions designed exclusively for businesses.
- Customized Content: We adapt the syllabus and practical exercises to the real goals and needs of your project.
- Flexible Schedule: Dates and times adapted to your team's agenda.
- Format: Online (live), In-company (at your offices), or Hybrid.
Price per private group, online live training, starting from 4800 € + VAT*
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