Evaluation and Value for Investment

Evaluation and Value for Investment

Integrating value for money within an evaluation

Using an intuitive stepped approach as an integration tool

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Julian King
Jul 15, 2025
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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…

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