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Duration 21 hours
Course Outline
Introduction to Cost-Effectiveness Analysis
- The strategic value of cost-effectiveness in public administration
- Differentiating cost-effectiveness from other evaluation methodologies
- Defining policy alternatives and framing decision-making inquiries
Identifying and Measuring Costs
- Direct, indirect, and opportunity cost considerations
- Strategies for cost classification and resource allocation
- Utilizing cost data in comparative assessments for government operations
Identifying and Measuring Outcomes
- Outcome categories relevant to public sector contexts
- Quantifying performance metrics, benefits, and programmatic impact
- Integrating qualitative outcomes into structured analytical frameworks
Cost-Effectiveness Ratios and Comparative Analysis
- Calculation and interpretation of average cost-effectiveness ratios
- Deriving incremental cost-effectiveness ratios for marginal analysis
- Applying ratio-based insights to support evidence-based decision-making
Decision Frameworks and Analytical Techniques
- Implementation of decision matrices and standardized scoring systems
- Conducting sensitivity testing on critical variables
- Developing scenarios and comparing alternative policy options
Uncertainty, Assumptions, and Validation
- Addressing data limitations and information asymmetries
- Testing the robustness of cost and outcome inputs
- Validating analytical conclusions for stakeholder oversight and review
Presenting and Communicating Results
- Structuring comprehensive evaluation summaries for executive audiences
- Visualizing comparative data to highlight key insights
- Substantiating policy recommendations with empirical evidence
Applied Workshop: Completing a Full Cost-Effectiveness Assessment
- Analyzing a multi-option policy or program scenario
- Executing end-to-end analytical procedures for government contexts
- Producing a decision-oriented evaluation report
Requirements
- A foundational understanding of financial or analytical concepts
- Experience in evaluating project options or policy alternatives
- Familiarity with basic quantitative reasoning methods
Target Audience
- Professionals engaged in policy and decision analysis
- Managers responsible for evaluating project or investment options
- Analysts supporting business, technical, or policy decisions for government agencies
Testimonials (2)
Equipped with examples
Bobby Darmawan - Indonesia Financial Group
Course - Digital Insurance Business (Insurtech)
Friendly, plenty of breaks to think about what we have learnt and lovely guy.