Value-for-money discourse : risks and opportunities for R4D
Date
2013-08
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Donor Partnerships Division, IDRC, Ottawa, ON, CA
Abstract
This brief examines the value-for-money (VfM) discourse, including VfM in international development and challenges of articulating VfM in research for development (R4D). It provides four practical measures R4D can use to articulate VfM, and provides some questions that can help in assessing VfM in R4D. The term (VfM) is now common in both private and public sectors, and is becoming synonymous with accountability and transparency. An example of VfM assessment – as process, could be based on a portfolio of projects; this could encompass risks, recognizing that partial success and even failure, are vital parts of the learning process.
Description
French version available in IDRC Digital Library: Optimisation des ressources : risques et possibilités pour la recherche au service du développement
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Policy Brief
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Keywords
VALUE FOR MONEY, RESEARCH FOR DEVELOPMENT, ACCOUNTABILITY, IMPACT ASSESSMENT, EFFICIENCY, THEORY OF CHANGE, DEVELOPMENT THEORY, R4D, GLOBAL, GLOBAL SOUTH, RISK