Value for Money Assessment practice in Project Management Training Course
Gain the skills you need to advance your career. This course offers hands-on learning, expert guidance, and real-world applications designed to help you grow.
Course Overview
| Course Title | Value for Money Assessment practice in Project Management Training Course |
| Organization | Tech For Development (T4D) |
| Venue | Tech For Development (T4D) Training Center along Tala Road, Runda, Nairobi |
| Duration | 5 days |
| Target Industries |
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| Target Job Roles |
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| Course Fees (Face-to-Face) | USD 1,100/KES 75,000 (Exclusive of VAT) |
| Course Fees (Virtual) | USD 1,000/KES 70,000 (Exclusive of VAT) |
| Training Modes | Virtual and face-to-face training |
| Payment | Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course |
| Accreditation | Tech For Development Certificate of Course Completion |
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 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 Modules
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
Course Administration
Methodology
Instructor-led sessions use a blended learning approach combining presentations, guided practical exercises, web-based tutorials, and group work, delivered by seasoned industry experts. All facilitation and course materials are in English, so participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued a Tech For Development Certificate of Course Completion certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at the Tech For Development Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation & Airport Transfer
Arranged upon request.For reservations contact the Training Officer:
Email: [email protected]
Phone: (+254) 790 824 179
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our T4D Training Centre or at a convenient location.
Payment
Payment should be transferred to the T4D account through a bank on or before the start of the course. Send proof of payment to [email protected].
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