By George Obua | Project Leader
Considering value for money (VFM) in projects
Kole Intellectual Forum in its performance has considered value for money (VFM) as crucial thing in ensuring optimal use of resources in their projects; and this has led into making them to produce the possible outcomes to their investment to their beneficiaries. And this is done by conducting a comprehensive evaluation of costs versus benefits with the aim to achieve financial efficiency, quality, and timeliness while minimizing risks and projecting long-term impacts, ultimately improving decision-making and fostering accountability.
Through VFM, KIFA has been helped to ensure the greatest possible social and economic benefits to the funds they get from their donors; and has also provided for them a framework for assessing and justifying the use of resources, particularly public funding, by demonstrating the relationship between costs and results.
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