Value for Money

Name: Value for Money Training Course
Rating: 4.7 (1076 reviews)

The Best Practices for Maximisation of VfM

Course Schedule

No classroom dates available

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Overview Objectives Who Should Attend? Methodology Outline Certificates

Why Choose Value for Money Training Course?

This unique Value for Money training course provides the tools and knowledge to maximise and embed Value for Money (VfM) approaches in an organisation, projects and programmes. It is designed to assist you in assessing whether an organisation operates in a cost conscious, efficient and effective manner.

This highly interactive AZTech training course will provide you with the best practice in economic theory as well as how to apply existing and emerging tools to capture and manage for VfM.

This Value for Money training course will feature:

Value for Money components
Tools & Techniques of VfM
Planning and Appraisal of programmes/projects
Measuring efficiency
Difference between Financial costs & economic costs

What are the Goals?

By the end of this training course, participants will be able to understand:

The rationale and main features of VfM
How to apply a wide-range of VfM tools
The latest techniques to help manage costs, drive efficiency and ensure effectiveness
How to embed VfM within the project cycle and M&E systems
How to communicate good VfM and influence management decisions for sustainability

Who is this Training Course for?

This Value for Money training course is open to all and will be useful to all professionals responsible for the maximisation of VfM through all elements of programme and project design and delivery.

This Value for Money training course is suitable to a wide range of professionals but will greatly benefit:

Auditors / Auditing Managers
Accounting Executives / Managers
Financial Reporting Managers
Financial Executives / Managers / Controllers / Directors
Budgeting Officers / Executives / Managers
Cost Controllers, Executives & Managers
Business/Investment Analysts & Managers
Regulatory Compliance Officers
Commercial Analysts, Executives & Managers

How will this Training Course be Presented?

This Value for Money training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes case studies from different sectors, group discussion, group work and interactive exercises and videos, pre & post course assessments will also be given to enhance learning outcomes for participants and to measure the effectiveness of this training.

The Course Content

Concept & Importance of VfM
The Process & Approaches of VfM
Methods of using a VfM Framework
The principles of VfM
Best practice for VfM

Measuring and achieving VfM
Performance measurement when using VfM tools
Economy, Efficiency and Effectiveness (3Es)
Managing key drivers, outputs, outcomes and impacts
Applying management costs on VfM

Identifying & calculating unit costs
Linking unit costs to outputs and outcomes
The difference between financial and economic costs
Social Return on Investment (SROI) and cost-benefit
Cost Effectiveness Analysis and Cost Utility analysis

Identifying indicators and measurement processes
Accounting for social, economic and environmental
Multi Criteria Appraisal
Measuring efficiency within your organisation
Measuring effectiveness within your organisation

Structures and resources to support improved VfM
Tools and techniques to communicate good VfM
Managing for VfM in decision-making process
Improving applied VfM skills
How to maximise the VfM in your organisation

Certificate

AZTech Certificate of Completion for delegates who attend and complete the training course

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Frequently Asked Questions

Common questions about our training courses

Yes, we offer tailored corporate training solutions to meet your organization's specific needs. Please contact us at info@aztechtraining.com or call +971 4 427 5400 for more information.

The training fees include full access to the training venue, along with comprehensive training materials to enhance your learning experience. Additionally, participants will be provided with writing supplies and stationery. To ensure comfort and convenience, the fee also covers lunch and refreshing coffee breaks throughout the duration of the course.

Our training programs are hosted at luxurious five-star hotels in prestigious destinations across the globe. Some of our popular locations include Dubai, London, Kuala Lumpur, Amsterdam, New York, Paris, Vienna, and many other iconic cities.

There are several convenient ways to register for our training programs:

Online: Explore our training calendar, choose the course that suits your needs, and click the “Register Now” button on the course details page.
Email: Share your details, including your name, organization, email address, and selected course, by sending an email to info@aztechtraining.com
Phone: Reach out to us directly at +971 4 427 5400 or +971 4 427 5407, and our team will guide you through the registration process.

Once your registration is successfully completed, you will receive a confirmation email within 24 hours. This email will contain your registration details, invoice, and the necessary joining instructions for the course.