Introduction; In the field of international development, where resources are often limited and the stakes are high, ensuring value for money (VfM) is of utmost importance. Donors, governments, and development practitioners are increasingly seeking ways to assess whether it has been worth investing in certain [...]
Developing a Value for Money proposition helps organizations determine how to achieve the greatest results with the resources available. What is VfM? VfM in international development refers to the efficient and effective utilization of resources to maximize the impact on the people that programmes are [...]
What is VfM? The concept of Value for Money (VfM) was initially introduced in the international development sector by the UK Department for International Development (DFID), which defined it as the optimization of the impact achieved for each pound spent in order to improve people's [...]
Value for Money (VfM) analysis enables organizations to assess whether their investment is worthwhile and identify ways to further maximise it. There are several Value for Money methodologies that can be used for these assessments. In this blog, we explore how we use and have adapted [...]
VfM assessment A VfM assessment of the Gender Responsive Equitable Agriculture and Tourism program Learning and Change collaborated with AusAid through their initiative AUS4Equality’s “Gender Responsive Equitable Agriculture and Tourism (GREAT) program in Vietnam. Since 2017, this programme has worked to promote women’s [...]
decolonising VFM Decolonising VfM VfM is a concept that has long been used in the public sector to ensure that public funds are spent efficiently and effectively. However, the way VfM is currently understood and applied is often based on Western-centric ideas and [...]
Value for Money (VfM) indicators are measures that show whether the programme has been able to deliver VfM. They can often overlap with standard monitoring and evaluation indicators given the multi-dimensionality of the VfM concept but usually also entail some aspects which are specific to [...]
At Learning and Change we work with different methodologies to assess Value for Money (VfM) and we know how to select the best method for your organisation or programme. The choice of the methodology ultimately depends on the nature of your work, what value means for [...]
VfM Reporting Value for Money (VfM) Reporting means outlining how your programme has been able to deliver VfM by providing the necessary evidence about what worked well and what did not work so well to reflect on whether the investment was worthwhile. Many [...]
VfM in the international aid sector At Learning and Change, we usually work with international and national organizations to support them to undertake VfM analysis. This is done mainly to gain a better understanding of our costs and results to be able to make [...]
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