NewValue for Money

In the current cash-constrained environment, 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.


Key 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

Designed for:

This course is aimed at middle and senior managers who are responsible to ensure that VFM is achieved in their area, function or organisation.


Learning Outcomes:

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.

Summary

Duration

10:00 - 16:00

Price

£595 + VAT

Location

St James Park

Dates

13 January 2020 Book8

20 April 2020 Book8

27 July 2020 Book8

In-House Option

This course is available In-House and can be tailored to meet your individual training requirements.

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Lead Trainer

Bill Malloy

Bill Malloy

Bill has significant first-hand experience in the public sector across central government, Arms Length Bodies, Police, local government and NHS Foundation Trusts. He has advised on reporting for the Intelligence and Security Committee and has appeared at the Public Accounts Committee.

Read Bio
Bill Malloy

Bill Malloy

Bill has significant first-hand experience in the public sector across central government, Arms Length Bodies, Police, local government and NHS Foundation Trusts. He has advised on reporting for the Intelligence and Security Committee and has appeared at the Public Accounts Committee.

He brings the practical knowledge and application of governance and accountability across different tiers of government and public sector bodies.

A qualified public sector accountant (CPFA) with additional qualifications from CIMA and an MBA.

In this Series

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Tailored in-house training

Civil Service College can deliver In-House training within your organisation that is exactly tailored to meet your individual training requirements.

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