Listen "Value-for-Money"
Episode Synopsis
This podcast explores the concept of value for money (VfM) in terms of disaster risk management. It examines how to maximise outcomes while minimising costs, emphasising the need for a balanced approach that considers economy, efficiency, effectiveness, and equity. The text highlights the importance of using appropriate metrics to assess VfM, cautioning against relying solely on cost-per-beneficiary which can be a misleading metric. It proposes a 'five forces framework' to guide decision-making when prioritising humanitarian interventions, covering cost, quality, quantity, timeliness and appropriateness.
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