At a recent NAO symposium Nick Ville explored the variety of approaches to assessing value for money (VfM) that have developed over the last 50 years. There has been little formal evaluation of their comparative effectiveness so it is difficult to draw firm conclusions about which, if any, approach works best. But trends in the use of performance improvement techniques in recent years do give us some clues about how best to approach making reductions in public spending….
For more information please download the attached pdf file:
The Different Approaches to Assessing VfM (PDF, 315KB)