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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 at present. You can assess performance of finance, human resources, information and communication technology, estate management, procurement, legal functions and communications.
VfM Indicators will assess your organisation’s performance, and pinpoint its strengths and weaknesses, helping you to make more informed decisions on budget and improvement. The system also provides you with solid, data-related evidence to support decisions.
You can use VfM indicators to:
We use cost and productivity indicators to measure your economy and efficiency. And your effectiveness is measured by indicators assessing user satisfaction, modernising approach and impact on organisational performance.
We are continually expanding the depth of reporting available, drawing on our extensive historical database. By taking part you will be able to compare your organisation to a wide range of members across the public sector.
CIPFA VfM Indicators cover a wide range of back office services giving you the opportunity to benchmark up to seven key areas of your organisation:
In addition, our survey tool provides a mechanism for you to survey users and commissioners of the services that you sign up to. It also allows you to collect data around user ICT competence for those taking part in that area.
We can now get your report anytime, enabling access to information and data that will be essential to help you modify and plan your work programme.
Simply return the questionnaires as best fits with your internal requirements – we will deliver your comparisons (benchmarked against your sector and across the whole public sector) within 15 working days (first reports available from September 2014).
If you have any questions contact E: firstname.lastname@example.org or fill out the membership form below.
CIPFA benchmarking team
T: 020 7543 5600
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CIPFA, registered with the Charity Commissioners of England and Wales No. 231060 and the Office of the Scottish Charity Regulator No.SCO37963. CIPFA Business Limited, the trading arm of CIPFA that provides a range of services to public sector clients, registered in England and Wales no.2376684. Registered Office 77 Mansell Street, London E1 8AN