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Measuring Value for Money - OECD

EVALUATION REPORT EV645. November 2003. reports Measuring Value for Money ? An independent review of DFID's Value for Money (VFM) Indicator, Public Service Agreement 2003-2006. By Derek Poate and Christopher Barnett DEPARTMENT FOR INTERNATIONAL DEVELOPMENT. EVALUATION REPORT EV645. Measuring Value FOR Money ? An Independent Review of DFID's Value for Money (VFM) Indicator, Public Service Agreement 2003 2006. Derek Poate and Christopher Barnett The opinions expressed in this report are those of the authors and do not necessarily represent the views of the Department for International Development. Preface PREFACE. This study was undertaken as part of the programme of independent evaluation studies commissioned by the Evaluation Department of the Department for International Development (DFID).

iii Table of Contents CONTENTS List of Acronyms and Abbreviations v 1. Key Findings and Conclusions 1 2. Introduction 2 3. The VFM Indicator 3 3.1 Data Capture by PRISM 4 3.2 Measuring Value for Money 4

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