Value for Investment

An Evaluative System for Government, Public Services, and Social Investment
1. Auflage 2027
ISBN: 978-1-041-38492-2
Verlag: Taylor & Francis Ltd

Buch, Englisch, 246 Seiten, Format (B × H): 156 mm x 234 mm

This book presents Value for Investment (VfI), a practical evaluative system for anyone who has to decide whether a policy, program, or other intervention is a good use of resources. This reframes value for money as a question about how well resources are used, not just a number on a spreadsheet, and shows how to answer that question in ways that are rigorous, credible, and useful.

Building on work in evaluation and economics, VfI combines four core principles – interdisciplinarity, mixed methods, explicit evaluative reasoning, and participation – into an eight-step process that can be applied from early options appraisal through implementation, adaptation, and review. Drawing on real world applications across governments, NGOs, international development, and Indigenous and cross-cultural contexts, the book shows how VfI can be used for single programs, portfolios, and whole of organisation frameworks, and how to keep those frameworks flexible and living as evidence and priorities change.

Written for practitioners, funders and community leaders, this is an essential resource for readers who want to learn how to define value propositions and theories of value creation, co-create rubrics with stakeholders, integrate economic analyses such as cost–benefit analysis without letting them dominate, and bring numbers, stories, and diverse perspectives together into transparent judgements about value for money in context.

Zielgruppe

Professional Practice & Development

Autoren/Hrsg.

King, Julian

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Öffentliches Finanz- und Rechnungswesen
• Wirtschaftswissenschaften Betriebswirtschaft Management Entscheidungsfindung
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik

Inhaltsverzeichnis

Part 1: Re-thinking Value for Money 1. Introduction: Why Value for Money Needs Reframing 2. Introducing the Value for Investment Approach 3. The Four Core Principles of Value for Investment Part 2: The Value for Investment System in Practice 4. Designing a VFI Evaluation 5. Implementing and Using a VFI Evaluation 6. Staying on Track: Operating Guidelines for VFI in Practice 7. Value Propositions and Theories of Value Creation in VFI 8. Rubrics as the Backbone of VFI 9. Economic Evaluation Methods within VFI 10. VFI in Action: A Worked Example Part 3: Applications and Advanced Topics 11. Applying and Adapting VFI to the Real World 12. Designing Flexible, Living VFI Frameworks 13. Conclusion: Towards Better Investment in What Matters

Über Autor(innen)

Julian King is a New Zealand-based public policy consultant who specialises in evaluation and Value for Investment (VfI). He is Director of Julian King & Associates, a member of the Kinnect Group, an Associate of Oxford Policy Management, and an Honorary Fellow at the University of Melbourne.