Value for Money

Who is the course for?

This module is aimed primarily at organisations with a specific set of local requirements wanting to develop and implement a Value for Money strategy. However, the module is also suitable for any organisation wanting to learn more about Value for Money.

What will I study?

Is your organisation spending wisely?

Decisions about value for money are a daily reality in all our lives. We are constantly choosing which items or services to buy, and judging the right balance for us between quality and cost.

These basic principles can be expanded and developed to create a refined Value for Money strategy which can help ensure your business obtains maximum benefit from the goods and services it acquires.

With many organisations having budgets reduced and being required to spend less and spend well, this e-learning course has been developed to provide learners with an increased understanding of effective Value for Money strategies and help them recognise the benefits these strategies can have for an organisation, resulting in doing the same for less, or more for the same.

On completion of this course learners will be able to:

• Recognise the potential of an effective VfM strategy
• Summarise the background to VfM strategies
• Outline a viable VfM strategy and its implementation
• Apply a VfM toolbox to review both current and future services

Areas covered include:

• Welcome and Learning Objectives
• What is Value for Money (VfM)
• A VfM strategy
• VfM toolbox
• Summary

How will the course be delivered?

With approximately 50 interactive screens, it is estimated that this module will take approximately 1 – 2 hours to complete (depending on learning speed). As an e-learning module you can complete this training in convenient stages and revisit whenever you wish. The system will record your progress throughout.

Course Entry Criteria

There are no specific entry requirements for this module.

The college operates a no refunds policy as detailed below. Cancellations and transfer requests are subject to the following conditions:

• More than 4 weeks notice – no charge
• 4 weeks notice – 30% of the cost
• 2-3 weeks notice – 50% of the cost
• 1-2 weeks notice – 75% of the cost
• Less than 1 weeks notice – 100% of the cost

All cancellations must be made in writing and are subject to a £10 administration charge. The full fee’s policy is available on request.

What will I get at the end of the course?

On completion of this course you will be able to download a Virtual College certificate.

What can I do next?

See our website for more courses

How much does it cost?

£40.00 per person