Get the free JUSTIFICATION OF VALUE FORM - Henry Equestrian Insurance

(Jul. 2014) JUSTIFICATION OF VALUE FORM HEP MGA (A division of Wayfarer Insurance Brokers Limited) Owner(s): Phone: Email:

How to fill out justification of value form

How to fill out the justification of value form:

1. Begin by providing your contact information in the designated fields. This includes your name, title, department, and contact details such as phone number and email address.
2. Next, state the purpose of the form in the appropriate section. Clearly explain why you are filling out the justification of value form and what you aim to achieve by doing so.
3. In the next section, identify the item or service for which you are seeking justification. Provide accurate and specific details about the item, including its name, brand, model, or any other relevant information.
4. Justify the need for the item or service. Explain in detail why it is necessary for your work or department. Highlight any problems or inefficiencies that can be resolved by acquiring the item/service and explain how it will benefit the organization as a whole.
5. In the following section, provide a detailed explanation of the value or cost-effectiveness of the item/service. Present any data, research, or analyses that support your claim of the item's value and effectiveness.
6. Consider including alternative solutions or options if applicable. If there are alternative methods or items that can achieve similar outcomes, provide a brief comparison and explain why your chosen item is the best option.
7. Finally, review and proofread the form before submitting it. Make sure all the necessary information is provided, and your explanations are clear and concise.

Who needs the justification of value form?

1. Employees requesting an expenditure on behalf of their department or project.
2. Managers or supervisors responsible for reviewing and approving spending requests.
3. Finance or procurement personnel who assess the value and appropriateness of the requested items or services.

Note: The specific individuals who need the form may vary depending on the organizational structure and internal processes. It is essential to consult your organization's guidelines or relevant stakeholders to determine who needs the justification of value form.

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