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.

Book

Summary

Duration

10:00 - 16:30

Price

£595 + VAT

Location

St James Park

Dates

20 March 2019 Book

9 July 2019 Book

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

Jane Stephens

Jane Stephens

Jane is an experienced finance professional having held senior posts in both large (Chief Financial Officer AstraZeneca UK) and smaller organisations.  She started her career as a graduate recruit to The Post Office moving into the private sector with ICI and AstraZeneca. 

Read Bio
Jane Stephens

Jane Stephens

Jane is an experienced finance professional having held senior posts in both large (Chief Financial Officer AstraZeneca UK) and smaller organisations.  She started her career as a graduate recruit to The Post Office moving into the private sector with ICI and AstraZeneca.  She has held voluntary positions in recent years in the public sector including Independent Director of a housing trust.

Jane has been a director of a number of start-up businesses and provided consultancy, facilitation and finance and management training to a number of large organisations.

She is passionate about the important role that Finance has to play across all organisations and the need to ensure finance issues are properly understood by non-Finance specialists, to ensure finance issues are properly incorporated in decision making at all levels.

 

In this Series

Risk Management
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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.

Book a course

Call 020 8069 9000 to take your booking or for advice on choosing the right course for you.

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