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Terms of Reference Appointment of a Service Provider to provide value for money dashboard software systemREFERENCE: GLO03REQ08607 Reference:Application deadline: 20 January 2023, 23H00 *FSA reserves
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Who needs tor for vfm dashboard?

01
Government officials responsible for monitoring VFM (Value for Money) initiatives
02
Finance or budget officers involved in financial management activities
03
Auditors or evaluators assessing the efficiency and effectiveness of projects
04
Policy analysts analyzing cost-effectiveness and service quality of programs
05
Researchers or academics studying public administration and financial performance
06
Any individual or organization interested in assessing VFM in their projects or programs

What is TOR for VfM Dashboard Systems Form?

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The TOR (Terms of Reference) for the VFM (Value for Money) dashboard outlines the framework and guidelines for assessing the efficiency and effectiveness of expenditures within a project or program.
Typically, project managers, finance officers, and designated staff within an organization that implement or oversee projects that require VFM assessments are required to file the TOR for the VFM dashboard.
To fill out the TOR for the VFM dashboard, one should follow the prescribed format, providing relevant data, outlining project objectives, methodology, expected outcomes, and the rationale behind the VFM assessment.
The purpose of the TOR for the VFM dashboard is to ensure a comprehensive understanding of the project's objectives, define the parameters for evaluating value for money, and provide accountability and transparency in the use of resources.
The information that must be reported includes project goals, financial data, performance metrics, evaluation criteria, stakeholder involvement, and any assumptions or limitations related to the VFM assessment.
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