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Value for Money

Value for Money. “ Good value for money is the optimal use of resources to achieve the intended outcome .” UK’s National Audit Office ... or making better decisions. Learning from work with.

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Value for Money

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  1. Value for Money “Good value for money is the optimal use of resources to achieve the intended outcome.” UK’s National Audit Office ... or making better decisions.

  2. Learning from work with The following slides come from a consultancy project Mango carried out with CAFOD, and our shared with their permission. The main focus of our work was to help them collate information for their PPA report to DFID and also making wider recommendations on VFM.

  3. Options and Choices Quality Risk Cost

  4. Options and Choices Quality Risk Cost

  5. Assessing and comparing sub-systems Organisation Programme Sub-system - Ghana vs Burkina? Finance Sub-system - CAFOD vs Christian Aid?

  6. The 3 Es and the Results Chain

  7. Using a VFM lens on Change Initiatives HR Policy Review V F M VFM implications?

  8. The 3 Es • Economy refers to the costs of inputs and resources of an intervention (unit costs are typically used as a measure of economy). • Efficiency refers to how much you get out in relation to what you put in. It’s about maximising an output for a given input, or minimising input for an output. • Effectiveness refers to how far a programme achieves its intended outcomes, using qualitative and quantitative assessments of change.

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