Training Course on Value for Money and Procurement Performance Reviews

Course Overview
Achieving value for money (VfM) is a central goal in procurement, especially in public, donor-funded, and development-sector programs. This course equips participants with the knowledge and tools to assess whether procurement processes deliver economy, efficiency, effectiveness, and equity.
The course provides a systematic approach to conducting procurement performance reviews (PPRs), including methods for evaluating procurement outputs, supplier performance, cost-effectiveness, and alignment with organizational objectives. It emphasizes performance benchmarking, VfM audits, and the use of key performance indicators (KPIs) and data analytics.
Participants will engage in hands-on exercises and case studies that demonstrate how VfM principles can be applied to contract management, supply chain delivery, and strategic sourcing decisions.
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Course Objectives
By the end of this course, participants will be able to:
•Understand the concept and components of value for money in procurement
•Conduct procurement performance reviews using structured methodologies
•Analyze procurement outcomes using VfM criteria (economy, efficiency, effectiveness, equity)
•Use data and KPIs to monitor procurement performance
•Identify and implement corrective actions to improve procurement systems
•Prepare and communicate findings from VfM assessments and reviews
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Target Audience
This course is designed for:
•Procurement and supply chain managers
•Internal auditors and compliance officers
•Donor-funded project implementers
•Program and project managers
•Finance and M&E professionals involved in procurement oversight
•Public procurement officers and policy makers
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Training Methodology
•Expert-led sessions and interactive discussions
•Case study analysis from public and donor-funded procurement reviews
•Practical exercises in VfM analysis and procurement scorecard development
•Group work on procurement evaluation scenarios
•Templates and tools for VfM assessment and reporting
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Expected Outcomes
Participants will gain the ability to:
•Apply VfM principles to evaluate procurement activities
•Design and implement procurement performance reviews
•Use performance indicators to benchmark procurement efficiency and quality
•Identify gaps and inefficiencies in procurement processes
•Support evidence-based decision-making and strategic procurement reforms