Скачать или смотреть Maximising Value for Money: Different approaches, same objective

Value for money (VfM) assessment is a critical process organisations undertake to determine whether the benefits of a project justify its costs. While the objective is clear, in practice there are a myriad of approaches due to differences in context, data, resources, and other factors.

This session featured the following presentations on innovative approaches and recent case studies:

Case studies on Smarter Public Spending: Two practical frameworks designed to strengthen financial decision-making in the public sector will be introduced, drawing on case studies from the London Borough of Redbridge and the Thames Valley Violence Reduction Unit.

Commissioning Social Services Through a Traditional Fee-for-service Contract or Social Outcomes Partnership: Which is Better Value for Money? We will share the GO Lab’s recent work examining the cost effectiveness of the Kirklees Better Outcomes Partnership in comparison to the ad-hoc services commissioned under fee-for-service contracts which preceded it.

Early Intervention Investment Framework (in Victoria, Australia): This innovative framework has been in place for five years, with the Department of Treasury and Finance implementing the framework for Government. It aims to maximise VfM by improving outcomes for service users and reducing growth in government expenditure, with rigorous quantification requirements. The presentation will cover the framework, approach and implementation experience to date.

Our speakers were:
Jeffrey Matsu – Chief Economist, Chartered Institute of Public Finance and Accountancy, and Fellow of Practice, GO Lab, University of Oxford

Dr Elaine De Gruyter – Postdoctoral Research Associate, GO Lab, University of Oxford

Matt Donoghue – Director, Early Intervention and Reform, Department of Treasury and Finance (Victoria, Australia)