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Duration 21 hours
Course Outline
Introduction to Cost-Effectiveness Analysis
- The intent and utility of cost-effectiveness reasoning
- Contrasting cost-effectiveness with other assessment methodologies
- Defining viable alternatives and framing decision-making questions
Identifying and Quantifying Costs
- Direct, indirect, and opportunity costs
- Strategies for cost classification and allocation
- Integrating cost data into comparative evaluations
Identifying and Quantifying Outcomes
- Variations in outcome types across different industries and settings
- Measuring performance, benefits, or impact
- Incorporating qualitative outcomes into structured analyses
Cost-Effectiveness Ratios and Comparative Assessment
- Average cost-effectiveness ratios
- Incremental cost-effectiveness ratios
- Interpreting ratios to aid decision-making
Decision Frameworks and Analytical Methods
- Decision matrices and scoring mechanisms
- Sensitivity analysis for critical variables
- Developing scenarios and comparing alternatives
Uncertainty, Assumptions, and Verification
- Managing data gaps and imperfect information
- Testing the robustness of cost and outcome inputs
- Validating conclusions for stakeholder scrutiny
Presenting and Communicating Findings
- Organising concise evaluation summaries
- Visualising comparisons and key insights
- Backing recommendations with robust evidence
Applied Workshop: Executing a Comprehensive Cost-Effectiveness Assessment
- Reviewing a scenario with multiple options
- Implementing end-to-end analytical procedures
- Producing a decision-focused evaluation report
Wrap-up and Future Steps
Requirements
- A solid grasp of core financial or analytical principles
- Practical experience in assessing project alternatives or options
- Proficiency in fundamental quantitative reasoning
Target Audience
- Specialists engaged in decision analysis
- Managers tasked with appraising project or investment choices
- Analysts providing support for business, technical, or policy-related decisions
Testimonials (2)
The trainer shared his knowledge and led great atmosphere.
Agnieszka Dubanska - Narodowy Fundusz Zdrowia
Course - Modelowanie procesów biznesowych z wykorzystaniem UML i BPMN
the lessons
