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Having considered the 80/20 rule as the first pillar of Value for Money, we will next examine the second pillar, which is Measurement. Measurement of Results is a significant pillar of Value for Money. It is easy to be entirely focused on inputs and ignore results and outcomes. For instance, the Government funds schools basedOctober 8, 2021
Value for Money operates on established and veritable pillars. Providing it with strong backing, the pillars help to reverse the tide of poor outcomes or performance, low productivity, corruption, and fraud, among others, and make the way for economic renewal for a floundering corporate entity or nation-state. Coming to focus first here of the pillarsOctober 6, 2021
From the reassuring conclusion of our first discussion on value for money when it emphasized that we can Do More With Less by applying the principles of Value for Money, it is important that we familiarize ourselves with its underlining structure so as to gradually get to grips with the basic elements for it all.September 28, 2021
Over the years, I have had a lot of engagements with companies of all sorts, SMEs, and multinationals, supporting them in the pursuit of Value for Money from deployed resources. Now a significant economic concept premised on obtaining the best value for expended sum, it has developed in modern management into a collection of aSeptember 21, 2021