Value for money and adaptive programming - Approaches, measures and management

Resource type
Authors/contributors
Title
Value for money and adaptive programming - Approaches, measures and management
Abstract
- The United Kingdom’s Foreign, Commonwealth and Development Office (FCDO)’s standard economy, efficiency, effectiveness/cost-effectiveness and equity (4E) framework is still relevant for approaching, measuring and managing value for money (VfM) for adaptive programmes. • However, this framework needs to be reframed to capture and incentivise flexibility, learning and adaptation. • VfM appraisal and reporting should be done in a way that draws on beneficiary feedback and informs good decision-making, rather than just being a compliance exercise. • If VfM appraisal and reporting cannot be done appropriately for adaptive programmes, it should be avoided or minimised. There is a risk of diverting time and resources from more suitable tools and methods.
Report Type
Working Paper
Place
London
Institution
ODI
Date
2021.03
Accessed
2021-06-04
Citation
Laws, E., & Valters, C. (2021). Value for money and adaptive programming - Approaches, measures and management [Working Paper]. ODI. https://cdn.odi.org/media/documents/odi-ml-rethinkingvfm-wp572-final.pdf