This unique 5-day Value for Money training course gives you the tools and knowledge to maximise and embed value for money (VfM) approaches in your projects, programmes and organisation.
PURPOSE:
- Describe the components of a financing strategy for an NGO including the four key features of a financially sustainable NGO Outline options for building up unrestricted reserve funds to create a safety net and support future development
- Outline options for financing and managing central support costs across the organisation
- Carry out a financial risk assessment using selected analysis and mapping tools to identity critical threats facing your or partner NGOs
- Analyse financial statements using financial ratios to assess the donor dependency and reserves status of your or partner NGOs’ current and desired financing mix
- Carry out a resources audit to establish the potential for alternative financing options in your or partner NGOs
- Create an action plan for the next steps to finalise your organisation’s financing strategy.
- KEY TAKEAWAYS:
- The rationale and main features of VfM
- How to apply a wide-range of VfM tools and techniques to manage your costs.
- Improve efficiency and effectivenesshow to embed VfM within the project cycle and M&E system
- How to communicate good VfM and influence management decisions for sustainability
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