Value for Money Assessment

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Prepare Your Assessment

Purpose: Create, review and improve a value for money assessment with explicit cost boundaries, credible results, equity tradeoffs and proportionate conclusions.

Materials: Supply the decision and intended users, stage, alternatives, perspective, time horizon, relevant requirements, draft and located cost/result sources. For an assessment, provide the reconciliation and assumptions behind the claims. For a plan, identify proposed sources and future procedures. An unavailable ledger, outcome study or distributional record limits judgment; a clean narrative cannot replace it. Share only de-identified or aggregate evidence.

Stage: State the stage and intended decision. Assess a plan by its documented provisions; completed work requires actual records.

Use: Read the criteria and record located evidence, applicability, ratings and priority revisions. Request missing records. Check AI quotations, source locations, requirements, and scores against the sources; missing evidence does not justify a low score.

Limits: Document quality does not establish readiness, authorization or compliance. Scores remain provisionally checked.

Adaptation and Comparability

Presentation and answer-language changes generally preserve meaning. Changing criteria, anchors, scale or strictness can change the assessment: label it adapted and do not compare its totals with the original rubric. Short mode removes two anchors and requires interpolation. Missing evidence calls for a request for records, not removal of the criterion. These scoring bands are provisionally checked, not practitioner-validated.

AI Prompt Templates

Copy a prompt into ChatGPT or Claude, then attach or paste the required material in that conversation. Context is optional; completed records must come from you.

Assess supplied evidence, report blockers and gaps, and give located findings and priority revisions. Incomplete evidence means no total.

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Adapt this rubric
The original five-dimension /25 total and its bands apply only to the unadapted complete rubric. For adapted output, use the declared criteria and coverage; do not apply the original total or bands. Any active N/A, missing evidence or unresolved conflict still suppresses every total, band, percentage and rescaled equivalent. Adaptation cannot fill an evidence gap.
Review the supplied value for money work as a document and evidence package. First establish its decision, intended claim, stage, assessment approach, perspective, period, alternatives, applicable requirements and supplied evidence locations. A framework is judged as a plan, not proof of implementation. The four Es are decision lenses, not a substitute for an analytical method. Select 4Es, cost-effectiveness analysis (CEA), cost-benefit analysis (CBA), or a justified combination; do not require all three.

Keep observed defects, Not Evidenced, Conflicting Evidence and justified N/A separate. Missing records do not prove an activity failed or justify mandatory repeat collection. Do not invent approvals, costs, effects, benchmarks, sources or owners. A required feature omitted from an explicitly complete document can be a documentation defect. Locate every finding. Give a dimension a number only when its required active criteria are sufficiently evidenced and conflict-free. Retain partial findings when a whole dimension cannot be scored.

Rate 1 to 5 using the highest fully supported anchor below. A material defect overrides favorable element counts. The anchors judge the fitness of the assessment, not whether a program happens to have low costs or favorable outcomes. A candid, well-supported finding of poor value can receive a high documentation rating.

DIMENSION 1: Decision, Perspective and Scope
- Score 5: The decision and stage are explicit; objectives and intended claim are bounded; relevant alternatives or justified reference are defined; perspective, population, horizon and chosen assessment approach are coherent and justified.
- Score 4: These choices support the decision; one minor scope explanation needs clarification without changing comparisons.
- Score 3: Question and approach are usable, but a scope or alternative choice needs material clarification; conclusions remain bounded to what can be supported.
- Score 2: The declared perspective, horizon or alternatives materially mismatch the intended decision, leaving consequential comparisons unreliable.
- Score 1: The complete submitted assessment has no usable decision or boundary, or its chosen approach cannot answer its claimed question.

DIMENSION 2: Cost Boundaries and Economy
- Score 5: Relevant resources are reconciled to the declared perspective and alternatives with sources, periods, inclusions and exclusions; shared, capital, in-kind and participant resources are treated where relevant without double counting; any economy claim compares input price and quality on a defensible basis; currency and price year are clear, with justified conversion, inflation and temporal treatment where needed.
- Score 4: Cost reconstruction and price-quality interpretation are credible; one minor allocation or costing detail does not materially affect the judgment.
- Score 3: Cost categories and key sources are traceable but an allocation or exclusion rationale needs improvement; limitations are visible and affected comparisons qualified.
- Score 2: An observed inconsistent boundary, unsupported allocation, double count or unsuitable price comparison materially distorts value claims.
- Score 1: The complete assessment substitutes budget for actual costs without justification, invents savings, or bases a decisive cost claim on irreconcilable or fundamentally mismatched costs.

DIMENSION 3: Results and Comparability
- Score 5: Measures, denominators, populations, timing and quality are defined and traceable. Efficiency relates inputs to comparable outputs; effectiveness concerns outcomes. Outcome attribution and alternative explanations are addressed to the degree needed for the claim. CEA uses comparable outcomes and coherent incremental comparisons where justified; CBA uses defensible valuation without double counting and retains material unmonetized effects. A 4Es assessment need not monetize or produce a numerical ranking.
- Score 4: Measures and comparisons support the bounded claims; one minor result-detail gap does not alter interpretation.
- Score 3: Results are traceable but a comparison or claim needs material qualification; the assessment avoids asserting the unsupported conclusion.
- Score 2: Incomparable outcomes, denominator mismatch, or treating output counts as established effects materially undermines a claimed comparison.
- Score 1: The complete assessment's decisive result or ranking is unsupported, such as causal effectiveness inferred solely from spending or incompatible outcome units treated as interchangeable.

DIMENSION 4: Equity and Value Tradeoffs
- Score 5: Relevant groups, access barriers and burdens are considered; quality, reach and distributional evidence are connected to objectives and resource use; important tradeoffs and whose values inform them are explicit; cheaper inputs or higher aggregate ratios do not automatically determine better value.
- Score 4: Material distributional and quality issues are addressed; a minor tradeoff explanation remains.
- Score 3: Groups and tradeoffs are identified but interpretation is thin; conclusions acknowledge that limitation.
- Score 2: An observed omission or dismissal of a material access, quality or burden issue skews the value judgment.
- Score 1: The complete assessment recommends an option as better value solely because it is cheaper while supplied evidence shows failure of a necessary objective or serious unaddressed harm.

DIMENSION 5: Uncertainty and Conclusions
- Score 5: Material assumptions and evidence limits are explicit; proportionate sensitivity or scenario checks address plausible changes; recommendations reflect decision-relevant uncertainty and do not overstate causal, comparative or operational certainty; follow-up actions are justified and ownership is confirmed or labeled proposed.
- Score 4: Conclusions and uncertainty analysis are credible; one minor assumption or follow-up explanation needs clarification.
- Score 3: Limitations are specific and recommendations cautious, but a material sensitivity or decision implication needs more work.
- Score 2: The assessment identifies but does not address a consequential uncertainty and still makes a firm favorable ranking or recommendation.
- Score 1: The complete assessment conceals or dismisses decisive uncertainty, fabricates certainty, or claims operational clearance from a score.

Apply only relevant branches. For a 4Es framework, examine the proposed indicators, sources, comparison rules and judgment standards; do not score results as if observed. For CEA distinguish cost per output from cost per outcome, and average ratios from incremental comparisons. Check dominance before ratios. An incremental ratio with zero effect difference is undefined; do not divide by zero or invent an outcome threshold. A CEA or CBA that makes no purchasing-economy claim need not add a separate procurement benchmark study. For CBA check the counterfactual, valuation basis, time profile and unmonetized impacts. Conversion, inflation and discounting depend on the analysis and governing requirements; do not import a universal rate, currency method or cutoff. Distinguish appraisal of future streams from retrospective reporting. State the treatment and justification for any evaluation costs. Different purposes can justify different cost boundaries, but comparisons need a consistent declared basis.

Report blockers for material validity, unsupported causal or comparative inference, ethics, safety or confidentiality first. A score cannot cancel them. If any assessed active criterion is N/A, Not Evidenced or unresolved, suppress total, band, percentage and any rescaled equivalent; state coverage. Branches for methods outside the selected assessment are outside scope, not defects. A wholly inapplicable dimension is N/A. Explain any inapplicable subcriterion without penalizing a valid alternative. For the unadapted complete rubric, only when all five dimensions and active criteria are applicable, sufficiently evidenced and conflict-free may you give Total X/25 and the secondary documentation band: Strong 22-25; Adequate 17-21; Needs Revision 11-16; Substantial Revision 5-10. Do not use a favorable total or band as a conclusion that the intervention offers good value. Ratings across stages, boundaries and adapted rubrics are not automatically comparable. Scores do not establish clearance, compliance, certification or practitioner validation.

Return blockers first, then this table in order:
| Dimension | Rating or Evidence State | Located Evidence and Rationale | Priority Action |
| Decision, Perspective and Scope | | | |
| Cost Boundaries and Economy | | | |
| Results and Comparability | | | |
| Equity and Value Tradeoffs | | | |
| Uncertainty and Conclusions | | | |
Then give coverage, any permitted documentation total, the bounded VfM conclusion (or why one is deferred), evidence requests, proposed actions and the human decision boundary. Give a concrete revision example for ratings 1 or 2. Do not require a numerical ranking when the evidence cannot justify one.

INPUT: [Paste the draft, stage, decision brief, cost and result evidence with locations, alternatives and applicable requirements. Use de-identified or aggregate records.]

Too long to open prefilled, so all four open empty. Copy the prompt, then paste it in.

Scoring Criteria

Decision, Perspective and Scope
5Excellent

The decision and stage are explicit; objectives and intended claim are bounded; relevant alternatives or justified reference are defined; perspective, population, horizon and chosen assessment approach are coherent and justified.

4Good

These choices support the decision; one minor scope explanation needs clarification without changing comparisons.

3Adequate

Question and approach are usable, but a scope or alternative choice needs material clarification; conclusions remain bounded to what can be supported.

2Weak

The declared perspective, horizon or alternatives materially mismatch the intended decision, leaving consequential comparisons unreliable.

1Inadequate

The complete submitted assessment has no usable decision or boundary, or its chosen approach cannot answer its claimed question.

Cost Boundaries and Economy
5Excellent

Relevant resources are reconciled to the declared perspective and alternatives with sources, periods, inclusions and exclusions; shared, capital, in-kind and participant resources are treated where relevant without double counting; any economy claim compares input price and quality on a defensible basis; currency and price year are clear, with justified conversion, inflation and temporal treatment where needed.

4Good

Cost reconstruction and price-quality interpretation are credible; one minor allocation or costing detail does not materially affect the judgment.

3Adequate

Cost categories and key sources are traceable but an allocation or exclusion rationale needs improvement; limitations are visible and affected comparisons qualified.

2Weak

An observed inconsistent boundary, unsupported allocation, double count or unsuitable price comparison materially distorts value claims.

1Inadequate

The complete assessment substitutes budget for actual costs without justification, invents savings, or bases a decisive cost claim on irreconcilable or fundamentally mismatched costs.

Results and Comparability
5Excellent

Measures, denominators, populations, timing and quality are defined and traceable. Efficiency relates inputs to comparable outputs; effectiveness concerns outcomes. Outcome attribution and alternative explanations are addressed to the degree needed for the claim. CEA uses comparable outcomes and coherent incremental comparisons where justified; CBA uses defensible valuation without double counting and retains material unmonetized effects. A 4Es assessment need not monetize or produce a numerical ranking.

4Good

Measures and comparisons support the bounded claims; one minor result-detail gap does not alter interpretation.

3Adequate

Results are traceable but a comparison or claim needs material qualification; the assessment avoids asserting the unsupported conclusion.

2Weak

Incomparable outcomes, denominator mismatch, or treating output counts as established effects materially undermines a claimed comparison.

1Inadequate

The complete assessment's decisive result or ranking is unsupported, such as causal effectiveness inferred solely from spending or incompatible outcome units treated as interchangeable.

Equity and Value Tradeoffs
5Excellent

Relevant groups, access barriers and burdens are considered; quality, reach and distributional evidence are connected to objectives and resource use; important tradeoffs and whose values inform them are explicit; cheaper inputs or higher aggregate ratios do not automatically determine better value.

4Good

Material distributional and quality issues are addressed; a minor tradeoff explanation remains.

3Adequate

Groups and tradeoffs are identified but interpretation is thin; conclusions acknowledge that limitation.

2Weak

An observed omission or dismissal of a material access, quality or burden issue skews the value judgment.

1Inadequate

The complete assessment recommends an option as better value solely because it is cheaper while supplied evidence shows failure of a necessary objective or serious unaddressed harm.

Uncertainty and Conclusions
5Excellent

Material assumptions and evidence limits are explicit; proportionate sensitivity or scenario checks address plausible changes; recommendations reflect decision-relevant uncertainty and do not overstate causal, comparative or operational certainty; follow-up actions are justified and ownership is confirmed or labeled proposed.

4Good

Conclusions and uncertainty analysis are credible; one minor assumption or follow-up explanation needs clarification.

3Adequate

Limitations are specific and recommendations cautious, but a material sensitivity or decision implication needs more work.

2Weak

The assessment identifies but does not address a consequential uncertainty and still makes a firm favorable ranking or recommendation.

1Inadequate

The complete assessment conceals or dismisses decisive uncertainty, fabricates certainty, or claims operational clearance from a score.

Purpose and Inputs

Use this rubric to prepare, review or improve a value for money framework or assessment. It assesses the quality and evidential fitness of the work. It does not calculate an economic optimum or certify that an intervention offers good value.

Supply the decision and intended users, stage, alternatives, perspective, time horizon, relevant requirements, draft and located cost/result sources. For an assessment, provide the reconciliation and assumptions behind the claims. For a plan, identify proposed sources and future procedures. An unavailable ledger, outcome study or distributional record limits judgment; a clean narrative cannot replace it. Share only de-identified or aggregate evidence.

Choose the Assessment Approach

The four Es organize questions about input purchasing, resource conversion, outcomes and distribution. CEA compares resources with a common nonmonetary outcome. CBA values benefits and costs in money where defensible and retains important effects that remain unmonetized. These approaches can complement one another; none is required for every job. Magenta Book Annex A, A3.1, A3.3, A3.5 and A3.6

Use the current requirements governing the actual decision. The Green Book 2026 is UK appraisal guidance; its rates, statutory duties and horizons do not automatically govern an international program evaluation. Distinguish prospective appraisal from retrospective reporting. Green Book 2026, Introduction and chapter 6

Anchored Assessment

Use the complete anchors in the Review prompt. Read each row with the governing evidence rules below. The labels and 1 to 5 scale are editorial documentation anchors, not a source owner's calibrated value measure.

Dimension5: Fully Supported4: Minor Clarification3: Material Improvement, Bounded Claim2: Consequential Defect1: Fundamental Defect
Decision, Perspective and ScopeDecision, stage, claim, alternatives, perspective, population, horizon and approach are coherent and justified.One minor scope explanation remains.Material scope clarification needed; claims stay bounded.Boundary or approach materially mismatches decision.No usable decision/boundary or approach cannot answer the claim.
Cost Boundaries and EconomyRelevant costs reconcile; allocation, inclusions/exclusions and applicable temporal/price-quality treatment are justified.Minor costing detail cannot change judgment.Allocation/exclusion rationale needs improvement; affected comparisons qualified.Observed boundary, allocation, double-count or price-comparison defect distorts value.Decisive cost claim is invented, irreconcilable or fundamentally mismatched.
Results and ComparabilityTraceable measures and like-for-like comparisons support the claim; selected CEA/CBA branches are valid.Minor result detail does not alter interpretation.Material comparison qualification needed and acknowledged.Outcome, denominator or output/effect confusion undermines comparison.Decisive causal/result/ranking claim unsupported.
Equity and Value TradeoffsRelevant groups, access, burdens, quality and tradeoffs are connected to objectives and values.Minor tradeoff explanation remains.Groups/tradeoffs identified but interpretation thin and qualified.Material distributional or quality issue omitted or dismissed.Cheapest recommended despite failure of necessary objective or serious unaddressed harm.
Uncertainty and ConclusionsMaterial assumptions, proportionate sensitivity, bounded conclusions and justified actions are explicit.Minor assumption/follow-up explanation remains.Specific limitations but material sensitivity/implication needs work.Firm conclusion despite consequential unaddressed uncertainty.Decisive uncertainty concealed or certainty/clearance fabricated.

Evidence and Interpretation

Judge the selected stage and approach, using located evidence. Do not infer operational failure from unavailable records. Separate observed defects, Not Evidenced, Conflicting Evidence and justified N/A; never assign zero for an evidence state. A missing required active criterion prevents a complete numeric dimension judgment. Other-method branches are outside scope. If an assessed active criterion is N/A, Not Evidenced or unresolved, withhold totals, bands, percentages and rescaled equivalents while retaining supported findings.

For the unadapted complete rubric, only when all five dimensions and active criteria are applicable, sufficiently evidenced and conflict-free may the secondary documentation summary be Total X/25: Strong 22-25, Adequate 17-21, Needs Revision 11-16, Substantial Revision 5-10. A well-evidenced assessment finding poor value can score highly. A high documentation score is never a favorable program-value conclusion. Critical validity, inference, ethics, safety and confidentiality blockers override every score. Documentation does not grant clearance, certification, compliance or practitioner validation. Cross-stage, cross-boundary and adapted scores are not automatically comparable.

Costing and Judgment Safeguards

Account for relevant resources and explain the boundary rather than forcing every perspective to include identical items. Distinguish program replication costs from research-only evaluation costs; routine monitoring may be a program ingredient. Reconcile shared resources and participant contributions where relevant. J-PAL Costing Guidelines, pp. 2 to 6

Currency, price year, population, period and outcome definitions need a consistent comparison basis; incomplete detail limits transferability. Do not treat historical costing conventions as universal. J-PAL Conducting CEA, Calculating costs and Student participation

Value depends on the purpose and benefits achieved. Inability to demonstrate value is distinct from proof that value was absent. Distributional burdens, service quality and evidence limits belong in the judgment. New Zealand Audit Office, Defining and assessing value for money

Use the Three Modes

Generate creates a bounded proposal or assessment from available inputs. Review applies the full anchors and requests located missing evidence. Revise preserves supported content, shows each change's basis and retains unresolved operational work. A proposed textual correction does not prove a ledger has been reconciled, an effect established or an equity concern resolved.

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