Value for Money Assessment practice in Project Management Course


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We are proud to offer this course in a variety of training formats to suit your needs. We use the highest quality learning facilities to make sure your experience is as comfortable as possible. Our face to face calendar allows you to choose any classroom course of your choice to be delivered at any venue of your choice - offering you the ultimate in convenience and value for money.


July 2024

Code Date Duration Location Fee Action
VAP023 15 Jul 2024 - 19 Jul 2024 5 days Nakuru, Kenya KES 84,000 | $1,100 Register
VAP023 22 Jul 2024 - 26 Jul 2024 5 days Nairobi, Kenya KES 83,000 | $1,100 Register
VAP023 29 Jul 2024 - 2 Aug 2024 5 days Kisumu, Kenya KES 84,000 | $1,100 Register
VAP023 15 Jul 2024 - 19 Jul 2024 5 days Kampala, Uganda $1,900 Register
VAP023 15 Jul 2024 - 19 Jul 2024 5 days Accra, Ghana $2,400 Register
VAP023 22 Jul 2024 - 26 Jul 2024 5 days Johannesburg, South Africa $2,400 Register
VAP023 29 Jul 2024 - 2 Aug 2024 5 days Cape Town, South Africa $2,400 Register
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July 2024

Code Date Duration Mode Fee Action
VAP023 22 Jul 2024 - 26 Jul 2024 5 days Half-day KES 60,000 | USD 699 Register
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July 2024

Date
Duration
Location
Fee
Action
15 Jul - 19 Jul
5 days
Nakuru
KES 84,000 | $1,100
22 Jul - 26 Jul
5 days
Nairobi
KES 83,000 | $1,100
29 Jul - 2 Aug
5 days
Kisumu
KES 84,000 | $1,100
15 Jul - 19 Jul
5 days
Kampala
- | $1,900
15 Jul - 19 Jul
5 days
Accra
- | $2,400
22 Jul - 26 Jul
5 days
Johannesburg
- | $2,400
29 Jul - 2 Aug
5 days
Cape Town
- | $2,400
I Want To See More Dates...

July 2024

Date
Duration
Mode
Fee
Action
22 Jul - 26 Jul
5 days
Half-day
KES 60,000 | $ 699
I Want To See More Dates...

INTRODUCTION

This 5-day training will give an introduction to value for money assessment (VFM) in project management and build the confidence and skills of NGO staff who have limited experience of using value for money techniques when designing programmes and preparing proposals and budgets for institutional donors.

WHO SHOULD ATTEND?

This course is suitable for people who are new to or have little experience in managing and measuring VFM in programme design, proposal writing and the preparation of programme budgets.

DURATION

5 Days


Course Level:

COURSE OBJECTIVES

  • Why VFM is important to project management
  • Donors' approach to VFM 
  • Analyzing the VFM of different programme design options
  • Managing key drivers of VFM, including risk
  • Calculating unit costs and linking these to outputs and outcomes
  • Measuring, comparing and reporting on VFM
  • The challenges of hard to measure benefits, leverage, and sustainability
  • Addressing VFM in proposals and reports to other donors
  • Preparing a VFM action plan

Course Outline

Key features and trends in value for money (VFM)

  • The main features and principles of VFM.
  • Where VFM has come from and where it’s going.
  • Best practice in economic theory and tools for VFM.
  • Overview of key players’ roles and understanding of VFM e.g. DFID, UN, World Bank).
  • Tools to drive, evidence and manage VFM in organizations and programmes.

Importance of VFM assessment 

  • How donors approach VFM
  • Public perceptions of aid and VFM
  • Who counts – what about the beneficiaries?
  • Internal drivers
  • Partner perspectives

Tools for VFM: driving efficiency and effectiveness

  • Developing, understanding and testing your theory of change.
  • Tools and techniques for managing efficiency and input-output relationships.
  • Understanding and applying Cost-Utility Analysis (CUA).
  • Where to apply efficiency measures within project design and delivery.

Tools for VFM: managing efficiency and effectiveness

  • Understanding and applying Cost-Effectiveness Analysis.
  • Understanding and conducting Cost-Benefit Analysis, including Social Return on Investment (SROI).
  • Accounting for triple bottom line outcomes: social, economic and environmental.
  • Understanding and applying Multi-Criteria Appraisal.
  • Where to apply effective measures within project design and delivery.

Planning: considering VFM in programme design

  • Using the theory of change and stakeholder analysis to generate options in programme design
  • Using options analysis to make a business case
  • Identifying the key components of VFM
  • Risk analysis and pricing risk
  • Valuing leverage and sustainability
  • Addressing VFM in proposals to donors

Implementing: ensuring VFM during project implementation

  • Activity-based budgeting and calculating unit costs
  • Linking unit costs to outputs and outcomes
  • Identifying and improving decision-making processes which add or destroy value: partner selection; procurement; monitoring and evaluation; budget management; risk management
  • Reporting on the management of VFM

Reviewing: evaluating and reporting how VFM is achieved

  • Identifying indicators and measurement processes
  • Comparing and explaining different results
  • Estimating the hard to measure benefits
  • Reporting on the measurement of VFM

 Action planning: engaging your organization in developing a value for money action plan

  • Developing a SWOT for your organization in relation to VFM
  • How to engage key stakeholders in developing an organizational action plan on VFM
  • Overcoming obstacles

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Course Administration Details:

REQUIREMENTS

Participants should be reasonably proficient in English. Applicants must live up to Indepth Research Institute (IRES) admission criteria.

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate.

TRAINING VENUE

The will be held at The IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION

Accommodation is arranged upon request. For reservations contact the Training Officer.

Email: [email protected] or [email protected]

Mob:+250 789 621 067 or +254175077817

 

PAYMENT

Payment should be transferred to IRES account through bank on or before start of the course.

Send proof of payment to

Email: [email protected] or [email protected]


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