Value for Money (VfM) - Revision history

Ranisha at 09:33, 11 July 2014

2014-07-11T09:33:50Z

Wiki Gardener at 13:58, 18 June 2014

2014-06-18T13:58:25Z

Wiki Gardener at 13:57, 18 June 2014

2014-06-18T13:57:17Z

Katharina Wiedemann at 07:40, 29 May 2013

2013-05-29T07:40:28Z

JanS at 05:55, 29 May 2013

2013-05-29T05:55:53Z

JanS at 05:55, 29 May 2013

2013-05-29T05:55:00Z

JanS at 05:54, 29 May 2013

2013-05-29T05:54:04Z

JanS: Created page with " = 3Es (and a CE) = == [[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=..."

2013-05-29T05:36:36Z

Created page with " = <span id="3Es_.28and_a_CE.29" class="mw-headline">3Es (and a CE)</span> = == <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=..."

New page

= <span id="3Es_.28and_a_CE.29" class="mw-headline">3Es (and a CE)</span> =

== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=2 Edit section: Economy]]</span> <span id="Economy" class="mw-headline">Economy</span> ==
<div data-canvas-width="295.21265969238283" data-font-name="Helvetica" style="font-size: 14.64px; font-family: sans-serif; left: 172px; top: 595.2px; transform: scale(1.00755, 1); transform-origin: 0% 0% 0px" dir="ltr">Are we or our agents buying inputs of the appropriate quality at the right price? (Inputs are things such as staff, consultants, raw materials and capital that are used to produce outputs)</div>
== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=3 Edit section: Efficiency:]]</span> <span id="Efficiency:" class="mw-headline">Efficiency:</span> ==
<div data-canvas-width="493.9535794067383" data-font-name="Helvetica" style="font-size: 14.64px; font-family: sans-serif; left: 172px; top: 646.8px; transform: scale(1.01013, 1); transform-origin: 0% 0% 0px" dir="ltr">How well do we or our agents convert inputs into outputs? (outputs are results delivered by us or our agents to an external party. We or our agents exercise strong control over the quality and quantity of outputs)</div>
== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=4 Edit section: Effectiveness:]]</span> <span id="Effectiveness:" class="mw-headline">Effectiveness:</span> ==
<div data-canvas-width="391.29790368652345" data-font-name="Helvetica" style="font-size: 14.64px; font-family: sans-serif; left: 172px; top: 697.359px; transform: scale(1.00076, 1); transform-origin: 0% 0% 0px" dir="ltr">How well are the outputs from an intervention achieving the desired outcome on poverty reduction? (Note that in contrast to outputs, we or our agents do not exercise direct control over outcomes)</div>
== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=5 Edit section: Cost-effectiveness:]]</span> <span id="Cost-effectiveness:" class="mw-headline">Cost-effectiveness:</span> ==
<div data-canvas-width="489.4444595947262" data-font-name="Helvetica" style="font-size: 14.64px; font-family: sans-serif; left: 172px; top: 731.199px; transform: scale(1.01544, 1); transform-origin: 0% 0% 0px" dir="ltr">How much impact on poverty reduction does an intervention achieve relative to the inputs that we or our agents invest in it?</div>
= <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=6 Edit section: Links]]</span> <span id="Links" class="mw-headline">Links</span> =

*[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/49551/DFID-approach-value-money.pdf VfM Approach by DFID (2011)] (very much worth a read!)

<br/>

= <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=7 Edit section: Updates]]</span> <span id="Updates" class="mw-headline">Updates</span> =

*[http://www.edgroup.com.au/edg-events/vfm-symposium/ "Measuring the intangible"] VfM Symposium held in London.<br/>
*Upcoming [http://www.edgroup.com.au/edg-events/measuring-the-intangibles-conference/ VfM Conference on the 19th and 20th of September 2013 in Bangkok]

[[Category:Impacts]]

@@ Line 33: / Line 33: @@
 == Cost-effectiveness ==
-How much impact on poverty reduction does an intervention achieve relative to the inputs that we or our agents invest in it?
+How much impact on [[Energy_Poverty|poverty reduction]] does an intervention achieve relative to the inputs that we or our agents invest in it?
 <br/>

@@ Line 2: / Line 2: @@
 = Overview =
-<u>'''Value for Money (VfM)''' in the '''<u></u>[https://www.gov.uk/government/organisations/department-for-international-development Department for International Development (DFID)]''' programme means:</u> We maximise the impact of each pound spent to improve poor people’s lives.
+<u>'''Value for Money (VfM)''' in the '''[https://www.gov.uk/government/organisations/department-for-international-development Department for International Development (DFID)]''' programme means:</u> We maximise the impact of each pound spent to improve poor people’s lives.
 {| border="1" cellspacing="1" cellpadding="5" style="width: 100%"
@@ Line 9: / Line 9: @@
 |}
+<br/>
 = 3Es (and a CE) =
@@ Line 35: / Line 35: @@
 How much impact on poverty reduction does an intervention achieve relative to the inputs that we or our agents invest in it?
+<br/>
 = Updates<br/> =
@@ Line 42: / Line 42: @@
 *Upcoming [http://www.edgroup.com.au/edg-events/measuring-the-intangibles-conference/ VfM Conference on the 19th and 20th of September 2013 in Bangkok]
+<br/>
 = Further Information =

@@ Line 2: / Line 2: @@
 = Overview =
-<u>Value for Money (VfM) in DFID’s programme means:</u><br/>
+<u>'''Value for Money (VfM)''' in the '''<u></u>[https://www.gov.uk/government/organisations/department-for-international-development Department for International Development (DFID)]''' programme means:</u> We maximise the impact of each pound spent to improve poor people’s lives.
-'''We maximise the impact of each pound spent to improve poor people’s lives.'''
+{| border="1" cellspacing="1" cellpadding="5" style="width: 100%"
+|-
-"VFM is a set of assessment practices for appraisal, review or evaluation of systems and functions as well as initiatives, schemes and projects that are time bound. The development of these practices, following economic policy imperatives, has traditionally been led by the auditing and accountancy professions. VFM is now found not only amongst a range of internal and external controls, procedures and assessments for financial and resource management (for example risk management, fraud and corruption, audits), but also forms part of performance management systems and processes in organizations. Hence there are many and necessary links to results-based management, monitoring activity, impact assessment and evaluations."
+| style="background-color: rgb(255, 255, 153)" | "VFM is a set of assessment practices for appraisal, review or evaluation of systems and functions as well as initiatives, schemes and projects that are time bound. The development of these practices, following economic policy imperatives, has traditionally been led by the auditing and accountancy professions. VFM is now found not only amongst a range of internal and external controls, procedures and assessments for financial and resource management (for example risk management, fraud and corruption, audits), but also forms part of performance management systems and processes in organizations. Hence there are many and necessary links to results-based management, monitoring activity, impact assessment and evaluations."
@@ Line 16: / Line 17: @@
 Are we or our agents buying inputs of the appropriate quality at the right price? (Inputs are things such as staff, consultants, raw materials and capital that are used to produce outputs)
+<br/>
 == Efficiency ==
@@ Line 22: / Line 23: @@
 How well do we or our agents convert inputs into outputs? (outputs are results delivered by us or our agents to an external party. We or our agents exercise strong control over the quality and quantity of outputs)
+<br/>
 == Effectiveness ==
@@ Line 28: / Line 29: @@
 How well are the outputs from an intervention achieving the desired outcome on poverty reduction? (Note that in contrast to outputs, we or our agents do not exercise direct control over outcomes)
+<br/>
 == Cost-effectiveness ==
@@ Line 36: / Line 37: @@
-= Further Information =
+= Updates<br/> =
-*[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/49551/DFID-approach-value-money.pdf VfM Approach by DFID (2011)] (very much worth a read!)
+*[http://www.edgroup.com.au/edg-events/vfm-symposium/ "Measuring the intangible"] VfM Symposium held in London.<br/>
-*[http://r4d.dfid.gov.uk/PDF/Outputs/Mis_SPC/60797_ITAD-VFM-Report-Dec10.pdf VfM and Impacts in Governance and Conflict Projects]
+*Upcoming [http://www.edgroup.com.au/edg-events/measuring-the-intangibles-conference/ VfM Conference on the 19th and 20th of September 2013 in Bangkok]
-= Updates =
+= Further Information =
 = References =

@@ Line 1: / Line 1: @@
-Value for Money (VfM) in DFID’s programme means:<br/>
+= Overview =
 = 3Es (and a CE) =
@@ Line 12: / Line 16: @@
 Are we or our agents buying inputs of the appropriate quality at the right price? (Inputs are things such as staff, consultants, raw materials and capital that are used to produce outputs)
-== Efficiency: ==
 How well do we or our agents convert inputs into outputs? (outputs are results delivered by us or our agents to an external party. We or our agents exercise strong control over the quality and quantity of outputs)
-== Effectiveness: ==
 How well are the outputs from an intervention achieving the desired outcome on poverty reduction? (Note that in contrast to outputs, we or our agents do not exercise direct control over outcomes)
-== Cost-effectiveness: ==
 How much impact on poverty reduction does an intervention achieve relative to the inputs that we or our agents invest in it?
-= Links =
 *[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/49551/DFID-approach-value-money.pdf VfM Approach by DFID (2011)] (very much worth a read!)
 *[http://r4d.dfid.gov.uk/PDF/Outputs/Mis_SPC/60797_ITAD-VFM-Report-Dec10.pdf VfM and Impacts in Governance and Conflict Projects]
 = Updates =
@@ Line 33: / Line 47: @@
 *[http://www.edgroup.com.au/edg-events/vfm-symposium/ "Measuring the intangible"] VfM Symposium held in London.<br/>
 *Upcoming [http://www.edgroup.com.au/edg-events/measuring-the-intangibles-conference/ VfM Conference on the 19th and 20th of September 2013 in Bangkok]
 [[Category:Impacts]]

@@ Line 1: / Line 1: @@
 <br/>
 Value for Money (VfM) in DFID’s programme means to maximise the impact of each pound spent to improve poor people’s lives.
 "VFM is a set of assessment practices for appraisal, review or evaluation of systems and functions as well as initiatives, schemes and projects that are time bound. The development of these practices, following economic policy imperatives, has traditionally been led by the auditing and accountancy professions. VFM is now found not only amongst a range of internal and external controls, procedures and assessments for financial and resource management (for example risk management, fraud and corruption, audits), but also forms part of performance management systems and processes in organizations. Hence there are many and necessary links to results-based management, monitoring activity, impact assessment and evaluations. "
-= <span class="mw-headline" id="3Es_.28and_a_CE.29">3Es (and a CE)</span> =
+= 3Es (and a CE) =
-== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=2 Edit section: Economy]]</span> <span class="mw-headline" id="Economy">Economy</span> ==
+== [[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=2 Edit section: Economy]]</span> <span id="Economy" class="mw-headline">Economy</span> ==
-<div dir="ltr" style="font-size: 14.64px;  font-family: sans-serif;  left: 172px;  top: 595.2px;  transform: scale(1.00755, 1);  transform-origin: 0% 0% 0px" data-font-name="Helvetica" data-canvas-width="295.21265969238283">Are we or our agents buying inputs of the appropriate quality at the right price? (Inputs are things such as staff, consultants, raw materials and capital that are used to produce outputs)</div>
+<div data-canvas-width="295.21265969238283" data-font-name="Helvetica" style="font-size: 14.64px;  font-family: sans-serif;  left: 172px;  top: 595.2px;  transform: scale(1.00755, 1);  transform-origin: 0% 0% 0px" dir="ltr">Are we or our agents buying inputs of the appropriate quality at the right price? (Inputs are things such as staff, consultants, raw materials and capital that are used to produce outputs)</div>
-== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=3 Edit section: Efficiency:]]</span> <span class="mw-headline" id="Efficiency:">Efficiency:</span> ==
+== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=3 Edit section: Efficiency:]]</span> <span id="Efficiency:" class="mw-headline">Efficiency:</span> ==
-<div dir="ltr" style="font-size: 14.64px;  font-family: sans-serif;  left: 172px;  top: 646.8px;  transform: scale(1.01013, 1);  transform-origin: 0% 0% 0px" data-font-name="Helvetica" data-canvas-width="493.9535794067383">How well do we or our agents convert inputs into outputs? (outputs are results delivered by us or our agents to an external party. We or our agents exercise strong control over the quality and quantity of outputs)</div>
+<div data-canvas-width="493.9535794067383" data-font-name="Helvetica" style="font-size: 14.64px;  font-family: sans-serif;  left: 172px;  top: 646.8px;  transform: scale(1.01013, 1);  transform-origin: 0% 0% 0px" dir="ltr">How well do we or our agents convert inputs into outputs? (outputs are results delivered by us or our agents to an external party. We or our agents exercise strong control over the quality and quantity of outputs)</div>
-== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=4 Edit section: Effectiveness:]]</span> <span class="mw-headline" id="Effectiveness:">Effectiveness:</span> ==
+== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=4 Edit section: Effectiveness:]]</span> <span id="Effectiveness:" class="mw-headline">Effectiveness:</span> ==
-<div dir="ltr" style="font-size: 14.64px;  font-family: sans-serif;  left: 172px;  top: 697.359px;  transform: scale(1.00076, 1);  transform-origin: 0% 0% 0px" data-font-name="Helvetica" data-canvas-width="391.29790368652345">How well are the outputs from an intervention achieving the desired outcome on poverty reduction? (Note that in contrast to outputs, we or our agents do not exercise direct control over outcomes)</div>
+<div data-canvas-width="391.29790368652345" data-font-name="Helvetica" style="font-size: 14.64px;  font-family: sans-serif;  left: 172px;  top: 697.359px;  transform: scale(1.00076, 1);  transform-origin: 0% 0% 0px" dir="ltr">How well are the outputs from an intervention achieving the desired outcome on poverty reduction? (Note that in contrast to outputs, we or our agents do not exercise direct control over outcomes)</div>
-== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=5 Edit section: Cost-effectiveness:]]</span> <span class="mw-headline" id="Cost-effectiveness:">Cost-effectiveness:</span> ==
+== <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=5 Edit section: Cost-effectiveness:]]</span> <span id="Cost-effectiveness:" class="mw-headline">Cost-effectiveness:</span> ==
-<div dir="ltr" style="font-size: 14.64px;  font-family: sans-serif;  left: 172px;  top: 731.199px;  transform: scale(1.01544, 1);  transform-origin: 0% 0% 0px" data-font-name="Helvetica" data-canvas-width="489.4444595947262">How much impact on poverty reduction does an intervention achieve relative to the inputs that we or our agents invest in it?</div>
+<div data-canvas-width="489.4444595947262" data-font-name="Helvetica" style="font-size: 14.64px;  font-family: sans-serif;  left: 172px;  top: 731.199px;  transform: scale(1.01544, 1);  transform-origin: 0% 0% 0px" dir="ltr">How much impact on poverty reduction does an intervention achieve relative to the inputs that we or our agents invest in it?</div>
-= <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=6 Edit section: Links]]</span> <span class="mw-headline" id="Links">Links</span> =
+= <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=6 Edit section: Links]]</span> <span id="Links" class="mw-headline">Links</span> =
 *[https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/49551/DFID-approach-value-money.pdf VfM Approach by DFID (2011)] (very much worth a read!)
@@ Line 22: / Line 22: @@
 <br/>
-= <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=7 Edit section: Updates]]</span> <span class="mw-headline" id="Updates">Updates</span> =
+= <span class="editsection">[[http://gizbdwiki.org/index.php?title=Value_for_money_(VFM)&action=edit&mode=wysiwyg&section=7 Edit section: Updates]]</span> <span id="Updates" class="mw-headline">Updates</span> =
 *[http://www.edgroup.com.au/edg-events/vfm-symposium/ "Measuring the intangible"] VfM Symposium held in London.<br/>