CIPFA VfM Indicators
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Welcome to VfM indicators
Value for Money (VfM) Indicators is the leading benchmarking tool for assessing value for money in the public sector. HM Treasury specifically recommends collecting and reporting against indicators, for organisations with more than 250 employees.
VfM Indicators has the widest coverage of back office functions, which are under scrutiny in many parts of the public sector. You can assess performance of finance, human resources, information and communication technology, estate management, procurement, legal functions and communications.
VfM Indicators will help you to assess your organisation’s performance, and pinpoint its strengths and weaknesses, helping you to make more informed decisions on budget and improvement. The system provides you with solid, data-related evidence to support decisions.Flyer | Membership Form | Read more...
Jerry Garforth, Information Management Officer, City of Wakefield Metropolitan District Council:
CIPFA VFM indicators have become an important tool for many decisions within the ICT service, particularly costs of services to customers where our perception of service (user satisfaction) can be measured against cost (support cost per workstation etc)
Michael.Brodie, Assistant Director of Finance, NHS Business Services Authority
'It has helped shape our thoughts on the structure of our chart of accounts and how we report the cost of back office services… the focus on efficiency/effectiveness has led to us reviewing our cost base in certain areas and making savings'
Alan Ratcliffe, Assistant Director (Improvement), Cumbria County Council
'We are using the data as part of our overall performance management and continuous improvement processes. In particular it has helped to identify areas for improvement including investment in professional training for staff”.
Operational Efficiency Programme: Back Office Operations and IT Final Report, HM Treasury?
“The five audit agencies’ value for money indicators in HR, finance, procurement and estates management should be used by all public sector organisations. This should take effect by June 2009 for central departments, agencies and NDPBs and by December 2009 for the wider public sector. This will ensure that data is comparable and robust across all public sector organisations”.
You may think that your organisation already has the foundations of good value for money, but we can help you assess your corporate services and identify further opportunities to save money and drive improvements – at a very affordable price.
The leading, independent source of comprehensive data about local government services, collecting and publishing information for over a century. With ten years of downloadable data available, our published statistics on public services enable local government managers to analyse and compare performance. We also provide local authorities with value for money studies. Click here to access Information Services
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