Integrating value for money within an evaluation

Using an intuitive stepped approach as an integration tool

Traditional approaches to value-for-money (VfM) assessment often treat VfM as separate from other evaluation activities, such as process and impact evaluation.¹ In some settings, VfM is treated (mistakenly, in my view) as if it’s synonymous with economic evaluation; other times it’s not even seen as evaluation but more as a financial management or admini…