Value for Money
Also now available – additional modules – on CBA, VfM and evaluation and VfM and complexity
What does it mean? Why do you care? How to achieve it!
One day training course
The cost is
£425 £185 (exc. VAT) (online 2021 pricing) per delegate.
Who is this training for?
Anyone who wants to better understand Value for Money concepts to improve VfM, do VfM analysis and/or report on VfM.
To appreciate and apply VfM concepts to a range of situations. To set up the right questions around value for money and understand the use of VfM approaches to answer these questions appropriately and in a feasible and meaningful way. To be able to communicate with a range of audiences on VfM issues.
Outline of the course
- What is VfM? Including the 3E model and 4E (3E+Equity)
- Framing a meaningful question: to create a proportionate VfM approach
- The key VfM concepts: inputs, costs, outputs, outcomes, impacts
- The art of the possible: assess opportunities and limitations for VfM analysis
- Evidence and metrics: the building blocks of VfM understanding
- Simplicity and communicating VfM: homing in on essential messages
- Looking back: working with tools and ideas in delegates’ contexts
You will leave the course ready to immediately apply a new perspective on what you do every day. You will be equipped to think about VfM in practical and creative ways and have learned to explain and demonstrate VfM ideas to others, talk about how they are being applied and create, communicate and explain the results of analysis.
This training is a one-day course
held in Central London, Sheffield or Edinburgh. currently being held online only.
Training runs from a 0900h registration starting at 0930h prompt, breaking for lunch at 1245h and finishing at 1630h. There are breaks in morning and afternoon according to the programme and courses involve breakout or discussion sessions to aid concentration and optimise learning.
The cost is
£425 £185 (online 2021 pricing exc. VAT) per delegate.
This training is also available as in-house (delivered remotely) sessions which can help with discussing sensitive topics. Costs are negotiable (but always give a discount on the individual delegate rates) and we can offer the tailoring of course material to specific requirements.
What is VfM?
Who is in the room? Delegates will be able to share why they are there and what they hope to get out of the day. The importance and use of VfM will be explored through the examples of delegates’ own working contexts.
The 3E model: does it apply to you? The 3E model of economy, efficiency and effectiveness is explained and explored in the delegates’ own contexts.
Framing a meaningful question
How to create a proportionate VfM approach by considering the fundamentals of why VfM is important and how its meaning and use vary.
The fundamental elements of VfM
The classic VfM concepts of inputs, costs, outputs, outcomes and impacts are introduced. A table exercise and debrief to explore the importance of starting VfM work at the strategic level.
The art of the possible
An examination of commonly used tools in the VfM arena, understanding where and how they are applied and their limitations. How to assess opportunities, and keep feasibility, when handling VfM questions.
Using metrics to build analysis
An introduction to the core of VfM analysis and a short exercise to explore the many levels of insight that can be layered within even a basic VfM analysis.
Simplicity and communicating VfM
This session moves away from technicality to take the VfM concept to its simplest level. Exploring with delegates’ examples and case studies how simple VfM analysis can be and still keep its power. Why this is often the best starting (and sometimes endpoint) when communicating VfM.
An interactive session using small groups. Checking back to see how the tools and ideas relate to delegates’ contexts.
Take-away points and tomorrow’s changes
This final session will be an interactive session to create a list of take away points for delegates. Delegates will also be encouraged to note down “tomorrow’s changes” as to what they will do when they go back to work to start using the learning that they have gained during the training.