Ensuring value for money in government policy

Our webinar, Ensuring Value for Money in government policy- why routine monitoring and robust evaluation are crucial to achieving VFM, marking the launch of Verian's Centre for Value for Money (VFM) and our recently published Verian Guide to VFM Evaluation.

This session, in partnerships with the UK Evaluation Society, will dive into why routine, robust monitoring and evaluation are critical to ensure value for money in government policy. Our speakers will explore a framework designed to bring clarity and rigour to VFM evaluation.

Our speakers include:

• Alex Hurrell, UK Head of Evaluation, will begin by outlining why robust programme evaluation is critical to ensuring VFM in public spending, and sets out a systematic approach to ensuring a VfM focus across the policy lifecycle.
• Julian King, VFM evaluation specialist, will introduce the Value for Investment (VFI) evaluation approach - a framework that combines principles from evaluation and economics to provide clear answers to value for money (VFM) questions. Also known as the OPM/King approach, the VFI model is recommended by the Evaluation Taskforce as part of its Training Academy programme. Julian will explain how VFI both builds on and differs from traditional economic methods like cost-benefit analysis, highlighting its advantages in supporting learning, accountability and evidence-based policymaking. 
• Lucie Moore, Head of Cabinet Office Evaluation Taskforce, will provide reflections on why VFM evaluation is so important for the UK government. 
• Kirstine Szifris, President of the UK Evaluation Society, will provide reflections, in particular on how this relates to the broader agenda of the UK Evaluation Society.

Webinar details: 

Date: 5 December 2024
Time: 1.00-2.00PM (GMT)
Location: Zoom

Don't miss the opportunity to gain valuable insights to support informed, accountable, evidence-based policymaking.