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Duration 21 hours
Course Outline
Introduction to Cost-Effectiveness Analysis
- The role and significance of cost-effectiveness thinking
- Distinguishing cost-effectiveness from other assessment methodologies
- Defining options and framing decision-related questions
Recognizing and Calculating Costs
- Direct, indirect, and opportunity expenses
- Strategies for classifying and distributing costs
- Incorporating cost data into comparative evaluations
Recognizing and Calculating Outcomes
- Variations in outcomes across different industries and situations
- Measuring performance, benefits, or impact
- Integrating qualitative results into structured evaluations
Cost-Effectiveness Metrics and Comparative Evaluation
- Mean cost-effectiveness metrics
- Marginal cost-effectiveness metrics
- Interpreting metrics to assist in decision-making
Decision Models and Analytical Approaches
- Utilizing decision matrices and rating scales
- Conducting sensitivity analysis on critical factors
- Developing scenarios and comparing different options
Uncertainty, Assumptions, and Verification
- Managing data gaps and incomplete information
- Testing the stability of cost and outcome inputs
- Validating conclusions for stakeholder review
Presenting and Conveying Results
- Creating concise evaluation summaries
- Visualizing comparisons and key insights
- Backing recommendations with robust evidence
Practical Workshop: Executing a Comprehensive Cost-Effectiveness Evaluation
- Analyzing a multi-option scenario
- Implementing complete analytical procedures
- Developing a decision-focused evaluation report
Requirements
- A solid grasp of core financial or analytical principles
- Prior experience in assessing project choices or alternative solutions
- Competence in fundamental quantitative logic
Target Audience
- Specialists engaged in decision analysis
- Managers tasked with appraising project or investment opportunities
- Analysts assisting with business, technical, or policy-related decisions
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 3900 € + VAT*
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