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Value for Money Review of the Organic Farming Scheme November 2014 Table of Contents Table of Contents Pg ii List of Annexes Pg iii Glossary Pg iv Executive Summary Pg vi Balanced Scorecard Pg xi
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What is value for money review?
Value for money review is an assessment of whether a particular project, program, or policy has been effective in achieving its objectives in a cost-effective manner.
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Typically, government agencies, organizations, or businesses that receive public funding are required to conduct and file value for money reviews.
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What is the purpose of value for money review?
The purpose of value for money review is to ensure that public funds are being spent effectively and efficiently, and to identify areas for improvement in resource allocation.
What information must be reported on value for money review?
Information reported on value for money review may include project objectives, cost analysis, benefit analysis, comparison to alternative options, and recommendations for future actions.
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