Achieving Value for Money
Most public bodies face downward pressure on budgets alongside a growing demand for services. The need to achieve value for money, therefore, 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.
The course will commence with a discussion about the use of the term value for money and how participants interpret the term when used within and outside the workplace. It continues with an explanation of the relationship between value for money and affordability and a consideration of how value for money assessments are used to support business change. It will then cover the key principles associated with a value money assessment.
Value for Money is a one-day programme designed to equip participants with a better understanding of the term value for money (together with the best value and social value) and how it is calculated and monitored.
This course will draw upon current best practices including the
This course is aimed at budget and middle managers and anybody who may be responsible for calculating or managing and maintaining value for money within an organisation. Whether it be part of business change, a procurement process or contract management.
Participants will leave the session with a better understanding of the key elements of VfM and practical steps to improve their ability to develop VfM assessments and /or manage value for money within the context of an ongoing project. They will be able to:
10:00 - 16:00
£595+VAT
Civil Service College, Westminster, London
Mark has held senior roles in a Big4 firm and a Global Consultancy as well as working in HM Treasury and the Cabinet Office. He started in public services audit then moved into advisory / consulting where he has worked extensively with public services and also organisations that engage with governments. He has worked on some of UK public services most challenging programmes and projects. He is a qualified accountant, but has long-standing commercial, project management and property & infrastructure experience.
Read BioMark has held senior roles in a Big4 firm and a Global Consultancy as well as working in HM Treasury and the Cabinet Office. He started in public services audit then moved into advisory / consulting where he has worked extensively with public services and also organisations that engage with governments. He has worked on some of UK public services most challenging programmes and projects. He is a qualified accountant, but has long-standing commercial, project management and property & infrastructure experience.
In parallel with his consulting work Mark continues to be involved in developing and delivering training programmes. For example, he was the sponsoring partner for the Big4 firm’s public services learning & development programme. He piloted the World Bank’s PPP training, including in the Middle East and East Africa. He led the training workstream on the Green Book review 2020 for HM Treasury. Mark has trained over 3,000 public servants / suppliers to the public sector in HM Treasury’s better business case (decision making) approach, including via CIPFA.
Mark trained and mentored on Cabinet Office’s project leadership programme and more recently developed the ICAEW/CIPFA sustainability certificate to cover local government and wider public services involved in delivery. He has trained a wide range of finance courses, especially with respect to finance business partnering. In all of Mark’s training delivery he is able to draw on case studies from his ongoing consulting experience. Mark has also been a non-executive director / voluntary board member for a range of organisations, including ICAEW and CIPFA.
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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Registered in England: 07835721. Registered Office: Civil Service College, 25 Queen Anne's Gate, St James's Park, London, SW1H 9BU, United Kingdom
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