Beyond the hierarchy
No single method of VfM assessment is ‘best’
Introduction
When it comes to evaluating value-for-money (VfM), methods are sometimes perceived to sit on a hierarchy with cost-benefit analysis (CBA) at the top, qualitative methods at the bottom, and a range of other options such as cost-effectiveness analysis (CEA) somewhere in between.
The assumption seems to be that valuing impacts in monetary units …
Keep reading with a 7-day free trial
Subscribe to Evaluation and Value for Investment to keep reading this post and get 7 days of free access to the full post archives.