Annex 6: Value for Money Analytical Matrix 4 E’s VfM Principles and Standards Satisfactory Partially Unsatisfactory Satisfactory Economy Efficiency in Cost The extent to which the Support Unit demonstrates it is cost managing consciousness conscious in its decision making and implementation costs More than 75% of Between 50 Less than 50% of – decision making 75% of decision decision making and making and and implementation by implementation by implementation by the Support Unit the Support Unit the Support Unit are guided by are guided by are guided by cost cost cost consciousness consciousness consciousness principles principles principles Encouraging The extent to which competition is practiced in procurement Competition Competition is Competition is Competition is practiced in more practiced in practiced in less than 75% of between 75% and than 50% of procurement by 50% of procurement by the Support Unit procurement by the Support Unit the Support Unit Resource The extent to which the allocation of resources ensures allocation quality outputs In more than 75% In 50 to 75% of In less than 50% of instances the instances the of instances the Support Unit Support Unit Support Unit allocates allocates allocates appropriate appropriate appropriate resources to resources to resources to ensure quality ensure quality ensure quality outputs outputs outputs Efficiency Efficiency in Timeliness The degree to which deliverables were achieved in time how well inputs are converted into outputs
Annex 6: Value for Money Analytical Matrix 4 E’s VfM Principles and Standards Satisfactory Partially Satisfactory Unsatisfactory Economy Efficiency in managing costs Cost consciousness The extent to which the Support Unit demonstrates it is cost conscious in its decision making and implementation More than 75% of decision making and implementation by the Support Unit are guided by cost consciousness principles Between 50 – 75% of decision making and implementation by the Support Unit are guided by cost consciousness principles Less than 50% of decision making and implementation by the Support Unit are guided by cost consciousness principles Encouraging Competition The extent to which competition is practiced in procurement Competition is practiced in more than 75% of procurement by the Support Unit Competition is practiced in between 75% and 50% of procurement by the Support Unit Competition is practiced in less than 50% of procurement by the Support Unit Resource allocation The extent to which the allocation of resources ensures quality outputs In more than 75% of instances the Support Unit allocates appropriate resources to ensure quality outputs In 50 to 75% of instances the Support Unit allocates appropriate resources to ensure quality outputs In less than 50% of instances the Support Unit allocates appropriate resources to ensure quality outputs Efficiency Efficiency in how well inputs are converted into outputs Timeliness The degree to which deliverables were achieved in time
pacific-women-shaping-pacific-development-support-unit-final-report.docx