Putting value for money into practice

Name: Putting value for money into practice
Price: 250

Fundraising, Project Management

From £250

Sorry, this course has now expired.

Start date

05/11/2020

End date

27/11/2020

Cost

£250

Overview

Do you often find yourself having to write a Value for Money (VfM) section for a commercial or technical proposal, but you’re not really sure what to write?
Do you to want to know whether your programme is delivering VfM but are not really sure how to track it?
Are you unclear about what to write in the VfM sections of reports required by DFID or other donors?
Are you curious about how to make VfM something useful for your organization and to generate learning?

If the answer of any of these questions is yes, then this is the right course for you!

Since 2010, donors have increasingly required organisations to demonstrate the Value for Money of their interventions. While DFID has been the pioneer of the concept, many donors are following suit and now expect organisations they fund to be able to demonstrate VfM at different stages of the programme cycle.

The course builds on very practical applications of VfM to respond to donor requirements and to foster learning, which have been tested by several organisations, including ActionAid, the Danish Refugee Council, the World Health Organization, Womankind Worldwide and Trocaire, among others.

What you will learn

Who is it for?

Suitable for those who are new to or have little experience of managing and measuring VFM in programme design, proposal writing and the preparation of programme budgets.

What you will learn

Why VFM is important to NGOs and people living in poverty
The importance of different perspectives when assessing VfM
Donor approaches to VFM (with a focus on DFID)
Analysing the VFM of different programme design options
Analysing budgets and linking these outputs to outcomes
Articulating VfM arguments in donor proposals and reports
Enabling programme beneficiaries to assess VfM
Using appropriate tools to measure and assess VfM at different stages of the programme cycle
Designing VfM Frameworks and VfM indicators

Programme

This course will be delivered entirely online, through facilitated live sessions (using Zoom) as well as individual and group activities on the Bond learning platform. We work hard to make sure you get the same level of interaction and facilitator support as you would in our training room. You’ll work in breakout rooms, use case studies and co-create documents – all online

1. What does VfM actually mean?

What VfM means in practice
Whose value counts
How DFID and other donors approach VfM
The 4Es Framework

2. How do we apply VfM in proposals?

Collecting evidence for options analysis
The VfM lens when developing budgets
Bringing costs and results together: improving programme quality

3. Implementing programmes: How do we measure VfM?

Contextualizing the 4Es
Indicators to measure VfM
VfM Frameworks

4. Implementing programmes: What is a participatory approach to VfM?

Enabling stakeholders to assess VfM
Step-by-step process to conduct participatory VfM assessments
Advantages and disadvantages of participatory VfM

5. Reporting of VfM

Key themes of 4Es reports
Alternative approaches to VfM reporting

6. What is the VfM debate?

Applying VfM: trends across the sector
ICAI’s review of DFID’s approach to VfM
What the VfM debate means for my organisation

What you require

All live session times refer to Greenwich Mean Time (GMT). Check the live session start and end time in your timezone here (please ensure you choose the right date when checking timezones).

Thursday, 5 November 2020: meet and greet session (10.00 - 11.00 am, GMT)

Tuesday, 10 November 2020: live online session one (10.00 - 11.30 am, GMT)