An intensive professional development training course on
Value for Money
The Best Practices for Maximisation of VfM
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
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 and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the training course
How Aztech Saudi Can Enhance Your Professional Career
At Aztech Saudi, we believe that professional development is the foundation of long-term career success. This training course is expertly designed to equip individuals with practical skills, forward-thinking strategies, and the confidence to navigate today’s dynamic work environments. Each course is delivered by subject matter specialists with extensive industry experience, ensuring that every learning experience is relevant, impactful, and aligned with real-world challenges. Whether you're looking to strengthen your technical expertise, enhance leadership abilities, or stay ahead of industry trends, Aztech Saudi provides the tools you need to elevate your performance and deliver measurable value to your organization.
Our training is more than just knowledge transfer—it’s a catalyst for career transformation. By participating in our courses, professionals gain a competitive advantage in their fields, improve their decision-making capabilities, and position themselves for new opportunities and leadership roles. We take pride in supporting individuals across various sectors and career stages, helping them unlock their full potential through high-quality, globally benchmarked learning experiences. With Aztech Saudi as your development partner, you’re not only investing in education—you're investing in a stronger, more successful future.
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