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BOND Value for Money Discussions Feb 3 rd , 2011

BOND Value for Money Discussions Feb 3 rd , 2011. Oxfam GB. Oxfam International – confederation of 14 independent affiliate organisations, working in over 99 countries One programme approach: OGB delivers programmes through International Division and Campaigns & Policy Division.

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BOND Value for Money Discussions Feb 3 rd , 2011

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  1. BONDValue for Money DiscussionsFeb 3rd, 2011

  2. Oxfam GB • Oxfam International – confederation of 14 independent affiliate organisations, working in over 99 countries • One programme approach: • OGB delivers programmes through International Division and Campaigns & Policy Division Humanitarian Response Long-term Development Campaigning & Communication

  3. VFM in OGB • Strong focus on design and sound theory of change • Judgment at authoristion on outcomes/ results, beneficiary #s, and costs • Strengthening M&E, from the outset (including beneficiary expectations; not only results, but contribution to those results) • Strengthened procurement system • Greater transparency (evaluations, costs)

  4. VFM in OGB Organisational Commitment • Programme Evaluation Policy“…at a minimum, all final programme evaluations should include an assessment of: • The programme’s outcomes or impact • Our contribution (or ‘added value’) to the programme • The programme’s cost-effectiveness” • Global Performance FrameworkAlong with asessing performance under 6 thematic Global Outcome Indicators, we have commited to considering the question of “Value for Money”

  5. We are keen to know That we are achieving the biggest ‘bang’ for our ‘bucks’ • Do the results of the programme/project warrant the resources invested in it? • Within this programme/project, are there ways by which the same or greater results could have been achieved for a smaller investment? • Could the resources invested have achieved more if used in a different way i.e. rather than on this programme/project? • Where it is possible to make comparisons, are there factors that have added to, or reduced, the costs of this programme/project compared to similar ones?

  6. Challenges • Defining ‘Value for Money’ • Value for money can only be contemplated once you know what has changed as a result of a given spend • Not desirable to ascribe monetary value to most outcomes that we are working to influence • Beyond right to life, not desirable to impose differential weighting to the different outcomes we are working to influence • Many interventions comprised of a mixture of strategic units that can be difficult to isolate • In some interventions, it will be a challenge simply to isolate the “Investment”

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