The concept of value for money (VfM) in development work is the subject of much debate and confusion. In VfM analysis by development agencies, four key terms known as the 4 Es are often used. These are Economy – minimizing costs; Efficiency – getting more results for the costs; Effectiveness – successfully achieving the intended outcomes; and Equity – reaching different groups. How are these terms interpreted and applied by development practitioners? Are we getting value for money in development work – and that includes evaluation of development work? How important, if at all, is the growing focus on value for money in the current public and development context?
File(s):
| Attachment | Size |
|---|---|
 Evaluation Matters Q3_EN.pdf | 2.69 MB |
| Looking ahead.pdf | 479.11 KB |
| Aid allocation.pdf | 193.59 KB |
| Applications and limitations.pdf | 228.75 KB |
| Evaluating value for money in international development-.pdf | 395.44 KB |
| From the Evaluator GeneralÔÇÖs Desk.pdf | 222.21 KB |
| News in pictures.pdf | 654.87 KB |
| Value for money and international development.pdf | 300.97 KB |
| Value for Money- use of randomized framed staged field experiments.pdf | 224.37 KB |