Value for Money The factors that we will use to determine Value for Money Factor Measure Score Cost - absolute cost <£50 per head 5 of the training session, <£75 per head 4 divided by the number <£100 per head 3 of members who <£150 per head 2 attend >£151 per head 1 Relevance Training or briefings are directly related to delivery 1 of the council’s priorities and/or values Obtained from the Blaby Plan, PDP’s and Training is identified within a members’ PDP role descriptions 1 Essential Learning for specific role 1 Quality >75% good or v good 3 Obtained from course >50% good or v good 2 feedback forms >25% good or v good 1 <25% good or v good 0 Applying the >75% knowledge/confidence in the subject” 3 “more Learning >50% knowledge/confidence in the subject” 2 “more Obtained from course >25% knowledge/confidence in the subject” 1 “more feedback forms <25% knowledge/confidence in the subject” 0 “more Impact Post evaluation forms Over 50% of attendees are able to provide an 3 3 6 months so we example of how they put the training into practice – can test the impact Would the attendee a friend or 3 “recommend colleague” Maximum score 20 VfM is achieved if an event scores 12 or above.
Value for Money The factors that we will use to determine Value for Money Factor Measure Score Cost - absolute cost of the training session, divided by the number of members who attend <£50 per head <£75 per head <£100 per head <£150 per head >£151 per head 5 4 3 2 1 Relevance Obtained from the Blaby Plan, PDP’s and role descriptions Training or briefings are directly related to delivery of the council’s priorities and/or values Training is identified within a members’ PDP Essential Learning for specific role 1 1 1 Quality Obtained from course feedback forms >75% good or v good >50% good or v good >25% good or v good <25% good or v good 3 2 1 0 Applying the Learning Obtained from course feedback forms >75% “more knowledge/confidence in the subject” >50% “more knowledge/confidence in the subject” >25% “more knowledge/confidence in the subject” <25% “more knowledge/confidence in the subject” 3 2 1 0 Impact Post evaluation forms 3 – 6 months so we can test the impact Over 50% of attendees are able to provide an example of how they put the training into practice Would the attendee “recommend a friend or colleague” 3 3 Maximum score 20 VfM is achieved if an event scores 12 or above.
Value_For_Money_and_Return_on_Investment.docx