Achieving value for money
This course builds on APS officials' knowledge of the Commonwealth Procurement Framework and Procurement Lifecycle by focusing on the core rule of the CPRs – to achieve value for money in procurement.
This course supports APS officials' to effectively achieve value for money in relevant phases in the procurement lifecycle and demonstrate value for money across the life of a contract or arrangement. This includes thinking strategically about the approach and broader policies to consider when making value for money recommendations to delegates.
This learning experience has been provided by the Department of Finance.
Participant benefits
Building on outcomes of the procurement basics and contract management basics courses, participants will be able to:
- Explain what value for money is in the context of government procurement and apply that thinking to evaluation of tender responses.
- Describe when and how to consider value for money across the procurement lifecycle, including when defining the procurement need, managing risk, and considering costs beyond the up-front financial cost.
- Describe how effective contract management increases value for money outcomes.
- Explain the importance of good record keeping in justifying value for money decisions.
Suitable for
APS 1 - EL2
Category and User Level
This learning experience is part of the Commonwealth Procurement and Contract Management Training program and aligns with the Implementation & Services Craft at the Practitioner level.
Price
Free of charge.
