We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We may also share information about your use of our site with our social media, advertising and analytics partners. Read more about our Privacy Policy.

I got it!

Value for Money

You will benefit from the latest thinking on how to guarantee your activities deliver maximum value to your organisation and its stakeholders.

What you will learn? 

Through short presentations, participatory exercises and casestudies you will improve your knowledge and skills on:

  • the rationale and main features of VfM
  • how to apply a wide-range of VfM tools and techniques to manage your costs, improve efficiency and effectiveness
  • how to embed VfM within the project cycle and M&E system
  • how to communicate good VfM and influence management decisions for sustainability.

Day 1

Key features and trends in value for money (VfM)
 

  • the main features and principles of VfM
  • where VfM has come from and where it's going
  • best practice in economic theory and tools for VfM
  • overview of key players' roles and understanding of VfM for example DFID, UN, World Bank
  • Economy, Efficiency and Effectiveness across the project and programme cycle

Day 2

Tools for VfM: measuring inputs, outputs and outcomes
 

  • develop, understand and test your Theory of Change
  • measure your outputs, outcomes and impacts
  • measure and manage your costs and inputs
  • understand the difference between financial and economic costs
  • where to apply management costs within project design and delivery.

Day 3

Tools for VfM Part 1: measuring and improving efficiency and effectiveness
 

  • understand and apply cost efficiency analysis
  • understand and apply cost effectiveness analysis
  • understand and apply multi criteria analysis and multi criteria decision-making
  • introduction to modelling techniques for cost effectiveness analysis and multi criteria analysis

Day 4

Tools for VfM Part 2: measuring and improving efficiency and effectiveness
 

  • understand and apply Cost Benefit Analysis (CBA)
  • understand and apply Social Return on Investment (SROI)
  • account for triple bottom line outcomes: social, economic and environmental
  • valuing social and environmental impacts: theory and applications

Day 5

Embed and manage VfM
 

  • prepare the ground for capturing VfM readiness
  • embed VfM within M&E and results-based management systems
  • align your organisational structures and resources to support improved VfM
  • tools and techniques to communicate good VfM
  • how to include VfM in managerial decision making
  • VFM and you: the tools to best maximise the VfM in your organisation

When

21 Oct 2019 @ 09:00 am

25 Oct 2019 @ 05:01 pm

Duration: 4 days, 8 hours


Where

The Foundry

Oval Way, Vauxhall,

SE11 5RR London

United Kingdom


Organised by

IMA International

Recent Publications in Development

Recent Videos in Development

Recent News in Development

Join us to learn the lessons of liberation: 30 years since #VelvetRevolution In conversation with legendary… https://t.co/BTiektKxW2

@EBRD - 15 Nov 2019 06:05

Thank you @EBRD and other donors for making Chernobyl’s New Safe Confinement. Amazing job

@EBRD - 14 Nov 2019 23:12

Great event, moving film and amazing book on EBRD’s contribution to making the Chernobyl nuclear disaster site envi… https://t.co/8Iu041c1Rx

@EBRD - 14 Nov 2019 21:08

Recent Speakers in Development