Name: Value for Money Training Course
Rating: 4.7 (1076 reviews)

We regret to inform you that there are currently no scheduled sessions for this course, so please let us know your preferred date and location and we will contact you soon.

Course Introduction

This unique Value for Money training course provides the tools and knowledge to maximise and embed Value for Money (VfM) approaches in an organisation, projects and programmes. It is designed to assist you in assessing whether an organisation operates in a cost conscious, efficient and effective manner.

This highly interactive COPEX training course will provide you with the best practice in economic theory as well as how to apply existing and emerging tools to capture and manage for VfM.

This COPEX training course will feature:

Value for Money components
Tools & Techniques of VfM
Planning and Appraisal of programmes/projects
Measuring efficiency
Difference between Financial costs & economic costs

Objectives

By the end of this training course, participants will be able to understand:

The rationale and main features of VfM
How to apply a wide-range of VfM tools
The latest techniques to help manage costs, drive efficiency and ensure effectiveness
How to embed VfM within the project cycle and M&E systems
How to communicate good VfM and influence management decisions for sustainability

Training Methodology

This COPEX training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes case studies from different sectors, group discussion, group work and interactive exercises and videos, pre & post course assessments will also be given to enhance learning outcomes for participants and to measure the effectiveness of this training.

Who Should Attend?

This COPEX training course is open to all and will be useful to all professionals responsible for the maximisation of VfM through all elements of programme and project design and delivery.

This training course is suitable to a wide range of professionals but will greatly benefit:

Auditors / Auditing Managers
Accounting Executives / Managers
Financial Reporting Managers
Financial Executives / Managers / Controllers / Directors
Budgeting Officers / Executives / Managers
Cost Controllers, Executives & Managers
Business/Investment Analysts & Managers
Regulatory Compliance Officers
Commercial Analysts, Executives & Managers

Course Outline

Day 1: Introduction to the Value for Money (VfM)

Concept & Importance of VfM
The Process & Approaches of VfM
Methods of using a VfM Framework
The principles of VfM
Best practice for VfM

Day 2: Tools for Value for Money (VfM)

Measuring and achieving VfM
Performance measurement when using VfM tools
Economy, Efficiency and Effectiveness (3Es)
Managing key drivers, outputs, outcomes and impacts
Applying management costs on VfM

Day 3: Managing Costs

Identifying & calculating unit costs
Linking unit costs to outputs and outcomes
The difference between financial and economic costs
Social Return on Investment (SROI) and cost-benefit
Cost Effectiveness Analysis and Cost Utility analysis

Day 4: Managing Efficiency and Effectiveness

Identifying indicators and measurement processes
Accounting for social, economic and environmental
Multi Criteria Appraisal
Measuring efficiency within your organisation
Measuring effectiveness within your organisation

Day 5: Maximisation of Value for Money (VfM)

Structures and resources to support improved VfM
Tools and techniques to communicate good VfM
Managing for VfM in decision-making process
Improving applied VfM skills
How to maximise the VfM in your organisation

Certificate

COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Related Categories

Finance & Accounting

Frequently Asked Questions

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

Enhanced Skills: Develop in-demand skills and knowledge in your chosen field.
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Increased Confidence: Gain confidence in your abilities and enhance your professional presence.
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Improved Job Performance: Enhance your productivity, efficiency, and job satisfaction.
Personal Growth: Develop valuable personal and professional skills that can benefit you in all areas of life.

Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

The training course fee can be settled by either:

Bank transfer
Credit Card

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

We can customize this
training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.

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