Putting Into Practice Value for Money (VfM)

Most non-profit organisations face downward pressure on budgets alongside a growing demand for services. The need to achieve value for money for stakeholders has never been greater. Good Value for Money is the optimal use of resources to achieve the intended outcomes.

This course explores how value for money can be achieved to deliver the intended outcomes. Key elements of value for money (Economy, Efficiency, Effectiveness, Equity) will be explored alongside a discussion about the challenges in achieving the appropriate balance between these elements. Delegates will leave the event with a better understanding of the key elements of VFM and practical steps to improve their ability to manage VFM outcomes on a day-to-day basis.

Putting Into Practice Value for Money (VfM) is a vital online course within our Financial Management & Commercial Skills series. At the Civil Service College, we tailor our courses to each attendee’s role and organisations, ensuring that each delegate gets the most out of the training. Our courses and trainers are continuously updated and evaluated to ensure that we are always delivering the best service possible.

Key Training Features

Who Can Attend

Civil Service College Bookstore

Key Training Features:

• The 3 key factors (the 3 Es) of value for money (Economy, Efficiency and Effectiveness)
• The 4th E - Equity
• The role of the manager in ensuring VFM is achieved
• How organisations demonstrate providing VFM
• How to spot inefficiencies in processes and procedures to identify more efficient and effective ways of working

Who Can Attend:

This online course for 'Putting into Practise Value for Money' is aimed at middle and senior managers who are responsible to ensure that VFM is achieved in their area, function or organisation.

View course outline