Is your organisation spending wisely?
Decisions about value for money are a daily reality in all our lives. We are constantly choosing which items or services to buy, and judging the right balance for us between quality and cost.
These basic principles can be expanded and developed to create a refined Value for Money strategy which can help ensure your business obtains maximum benefit from the goods and services it acquires.
With many organisations having budgets reduced and being required to spend less and spend well, this e-learning course has been developed to provide learners with an increased understanding of effective Value for Money strategies and help them recognise the benefits these strategies can have for an organisation, resulting in doing the same for less, or more for the same.
On completion of this Virtual College course learners will be able to:
- Recognise the potential of an effective VfM strategy
- Summarise the background to VfM strategies
- Outline a viable VfM strategy and its implementation
- Apply a VfM toolbox to review both current and future services
Areas covered include
- Welcome and Learning Objectives
- What is Value for Money (VfM)
- A VfM strategy
- VfM toolbox
The content of this Virtual College course has been independently certified as conforming to universally accepted Continuous Professional Development (CPD) guidelines
On completion of this course you will be able to download a Virtual College certificate.
Approximately 40 mins. The length of time taken depends entirely on how quickly you can study and absorb the material. You can proceed as quickly or slowly as you like, and there is no limit on how long you can take to do the course.
This course is aimed primarily at organisations with a specific set of local requirements wanting to develop and implement a Value for Money strategy. However, the module is also suitable for any organisation wanting to learn more about Value for Money.
There are no specific entry requirements for this course.