Value for money discourse : risks and opportunities for R4D

The increased emphasis on value for money (VfM) within international development planning represents both a challenge and an opportunity for research-focused organisations. This report provides a neutral assessment of VfM, informing and contributing to the larger ongoing conversation regarding the most appropriate and effective ways for the research for development (R4D) community to engage with the emerging discourse. The report offers four initial ways in which this may be explored. Transitioning to an assessment process which is primarily based on portfolios, rather than individual programmes would be better able to embrace risk