The Value for Money concept, simply explained, refers to the use of resources (money) to achieve organizational plans, policies and objectives (i.e. achieving Value). Value for Money (VFM) refers to three aspects of an organisation's activity performance: the economy of the activity, the efficiency of the activity and the effectiveness of the activity. A new E referred to as equity, concerned with the assessment of the value for money (spend fairly) has been postulated. Now known as 4Es.

Required: Using any public project /programme of your choice. Illustrate how the performance measures as enshrined in the value for money concept can be used in evaluating the Public project/ Programme.