Professional Support for University Management

The appraisal of Value for Money (VFM) and Best Value involves several closely linked areas:

• Value
• Cost
• Time
• Service Quality
• Risk

Key Benefits

The principal benefits of a VFM or Best Value review are to confirm that:

• The activities involved add value, directly or indirectly
• The available resources can provide adequate quality and promptness of services without excessive costs
• The processes are organised efficiently and with minimal duplication of effort
• The efficiency, effectiveness, scope and quality of the services meet the expectations of users
• Those involved are aware of the risks that would be carried if the activities were not completed properly or in the time expected

Following a VFM or Best Value review, plans can be developed to implement the findings. The plans may include targets, based on time or performance. Progress in implementation can be monitored internally and monitored externally if necessary.

This work can also be linked with internal or external benchmarking, to compare performance with that of competitors or other providers of the services.

Capabilities

AIMS has completed VFM studies of the provision of IT services, registry services, estates services and as part of wider reviews of most areas of university management.

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