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Course Outline
Introduction to Cost-Effectiveness Analysis
- The purpose and strategic value of cost-effectiveness thinking
- Comparing cost-effectiveness against other evaluation methodologies
- Defining alternatives and structuring decision-making questions
Identifying and Measuring Costs
- Direct, indirect, and opportunity costs
- Strategies for cost classification and allocation
- Utilising cost data in comparative assessments
Identifying and Measuring Outcomes
- Types of outcomes across various industries and contexts
- Quantifying performance, benefits, or impact
- Integrating 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 of key variables
- Building scenarios and comparing alternatives
Uncertainty, Assumptions, and Validation
- Addressing data gaps and imperfect information
- Testing the robustness of cost and outcome inputs
- Validating conclusions for stakeholder review
Presenting and Communicating Results
- Structuring clear and concise evaluation summaries
- Visualising comparisons and key insights
- Substantiating recommendations with evidence
Applied Workshop: Completing a Full Cost-Effectiveness Assessment
- Examining a multi-option scenario
- Applying end-to-end analytical steps
- Preparing a decision-oriented evaluation output
Summary and Next Steps
Requirements
- A solid grasp of fundamental financial or analytical principles
- Prior experience in assessing project options or alternatives
- Proficiency in basic quantitative reasoning
Target Audience
- Professionals engaged in decision analysis
- Managers tasked with evaluating project or investment choices
- Analysts supporting business, technical, or policy-related decisions
21 Hours
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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