Generated by All in One SEO v4.9.10, this is an llms.txt file, used by LLMs to index the site. # Julian King & Associates Helping people use evidence and explicit values to make good decisions ## Sitemaps - [XML Sitemap](https://www.julianking.co.nz/sitemap.xml): Contains all public & indexable URLs for this website. ## Pages - [Home](https://www.julianking.co.nz/) - Welcome We help people use evidence and explicit values to make good decisions. You can engage our services for evaluation and Value for Investment (VfI) training, mentoring and guidance, and for support to build strong evaluation systems and capabilities across your organisation. Our Associates network provides independent evaluations and VfI assessments. Value for Investment portal: VfI landing page Resources - [Subjective](https://www.julianking.co.nz/vfi/subjective/) - A more recent post on this topic is available on Julian's Substack. Rubrics reduce subjectivity in evaluation A word that often gets misused in evaluation is 'subjective'. Evaluative judgements are not subjective if they are supported by credible evidence, explicit values and logical argument. Evaluative rubrics provide a vital logical link between empirical evidence and - [Resources](https://www.julianking.co.nz/vfi/resources/) - Value for Investment Resources This page provides links to free Value for Investment resources. Scroll down for practical guidance, theory, examples, blogs, social media links, and other resources. What is Value for Investment? Value for Investment (VfI) is a system to help you align evaluative thinking, methods and tools to answer 'value for money' questions. - [temp2](https://www.julianking.co.nz/vfi/temp2/) - Exercise 2 (Day 2) - VfI standards - [Temp](https://www.julianking.co.nz/vfi/temp/) - [VFI](https://www.julianking.co.nz/vfi/) - The award-winning Value for Investment (VfI) approach is a rigorous way of determining how well resources are used in public policy and social investment, whether the resource use creates enough value, and how more value can be created. We're on a mission to share VfI, offering training, capability-building services, and free resources to support its - [Retrieval](https://www.julianking.co.nz/vfi/retrieval/) - Check your learning... https://juliankingnz.substack.com/p/contents Retrieval practice exercise inspired by Robinson, S.B., 12+ retrieval practice strategies for instructors & trainers. - [About](https://www.julianking.co.nz/about/) - About Julian King & Associates was established in 2002 to provide consulting services to policy makers in Australia and New Zealand. Over time, our services have evolved into a specialisation in building evaluation and Value for Investment capability, with a global client base spanning every continent except Antarctica. The purpose of this work is to - [Elrha](https://www.julianking.co.nz/vfi/elrha/) - Elrha workshop exercise - making evaluative judgements - [Services](https://www.julianking.co.nz/services/) - Services Julian strengthens organisations' evaluation and Value for Investment (VfI) capability, primarily through customised training workshops, mentoring, technical guidance and peer review. Our Associates network brings deep expertise across disciplines and sectors, offering independent evaluations and VfI assessments when needed. The diagram below shows a capability-building pathway, from initial training and hands-on support to lighter-touch - [Values](https://www.julianking.co.nz/vfi/values/) - Explicit values in evaluation Evaluation is about determining the value of something, whether it's a policy, a program, a funding bid, a student's performance, or a scientific study. In everyday life, we are all constantly evaluating things. How quickly and reliably can the public transport system get me to my destination? Which school should we - [VfI Training](https://www.julianking.co.nz/vfi/vfi-training/) - Value for Investment Training Making difficult decisions about how to allocate limited resources is a persistent challenge for governments, funders, and organisations worldwide. Even in well-resourced systems, choices about where and how to invest can be complex - and when fiscal pressures increase, the demand for credible value-for-money assessment only intensifies. Traditional return-on-investment indicators can - [Downloads](https://www.julianking.co.nz/downloads/) - Free downloads King, J., Wate, D., Namukasa, E., Hurrell, A., Hansford, F., Ward, P., Faramarzifar, S. (2023). Assessing Value for Money: the Oxford Policy Management Approach. Second Edition. Oxford Policy Management Ltd. King, J., Crocket, A., Field, A. (2023). Value for Investment: Application and Insights. Youth Primary Mental Health and Addictions Evaluation. Exemplar report for Te Whatu Ora – - [Contact](https://www.julianking.co.nz/contact/) - Contact Julian Email: jk@julianking.co.nzPhone: +64 21 64 21 95 LinkedIn | Substack | Kinnect PO Box 44-111, Point Chevalier 1246, Auckland, New Zealand NZBN: 9429036527311ABN: 72 607 386 020 - ["VFM"](https://www.julianking.co.nz/vfi/what-is-value-for-money/) - What is Value for Money? VFM has been defined in different ways. What do you notice about these definitions? Things in common? Differences? ***** ***** ***** ***** ***** ***** ***** ***** ***** ***** Value for Money = Good Resource Use (King, 2019) - [NDT](https://www.julianking.co.nz/vfi/ndt/) - A Value for Investment report deconstructed This social and economic impact assessment for the UN’s International Atomic Energy Agency (IAEA) demonstrates the Value for Investment system in action: It combines theory and practice from evaluation and economics. It uses mixed methods evidence (quantitative and qualitative together). It uses evaluative reasoning (assisted by rubrics) as the - [Scaling ROI](https://www.julianking.co.nz/vfi/pilot-roi/) - Scaling return on investment I am often asked to assess return on investment (ROI) from a pilot. However, ROI of a pilot is not a valid indicator of potential ROI at scale. For example, some pilots don't show a positive ROI but may be a worthwhile investment when scaled up. With a bit of care, - [Breakeven](https://www.julianking.co.nz/vfi/breakeven/) - Evaluative thinking with rubber numbers: How economic evaluation can help us understand uncertainty Not so long ago, Sara Vaca and I collaborated to produce a visual summary of economic methods of evaluation. We used the example of a cycling superhighway to illustrate how we can use economic evaluation to produce various indicators of 'outcome efficiency'. For example, - [ToVC](https://www.julianking.co.nz/vfi/tovc/) - Theory of value creation What do a cruise ship and a social investment have in common? Imagine an initiative to provide governance training for citizens who volunteer to serve on the governance boards of early childhood education services. They’re generously donating their time and expertise for a worthy cause. But many have no previous governance - [Awards](https://www.julianking.co.nz/vfi/awards/) - [Criteria](https://www.julianking.co.nz/vfi/criteria/) - Value for Money criteria Value for money (VfM) is an evaluative question about how well resources are used and whether a resource use is justified (King, 2017). To answer an evaluative question we need a system for transparently and logically making judgements from evidence. This is called evaluative reasoning. One way to do this is by - [Equity & CBA](https://www.julianking.co.nz/vfi/equity-cba/) - Using cost-benefit analysis to look at equity Cost-benefit analysis (CBA), as taught and used in economics, law and public policy, evaluates the Kaldor-Hicks efficiency of policies and programs - that is, whether they grow a bigger pie for society overall, regardless of how shares in the pie are distributed [1]. Distributive fairness may be acknowledged - [5Es](https://www.julianking.co.nz/vfi/5es/) - The Five Es and VfM Value for money (VfM) has received increased attention in the international development sector as public and private organisations strive to allocate resources to maximise their contribution to Sustainable Development Goals and to demonstrate value back to their benefactors and taxpayers. This blog is about one approach to VfM – the - [Breakeven2](https://www.julianking.co.nz/vfi/breakeven2/) - Evaluative thinking with rubber numbers Part 2: Break-even analysis and rubrics I’ve written before about how cost-benefit analysis (CBA) should be transparent about uncertainty, and how a good CBA can actually help enlighten us about the implications of uncertainty for the potential value of a program or policy. Sometimes when we're missing some data, we - [CBA & GLE](https://www.julianking.co.nz/vfi/cba-gle/) - Cost benefit analysis and the general logic of evaluation Evaluators sometimes talk about cost-benefit analysis (CBA) as if it's something foreign to evaluation. The purpose of a CBA might sometimes overlap with that of evaluation, but to some, it might seem like a strange visitor from another planet, with entirely different DNA from our Earthly - [Econ](https://www.julianking.co.nz/vfi/econ/) - Economic evaluation and value for money Increasingly, the question of 'value for money' (VfM) comes up when evaluating policies and programs. A number of terms in common use, such as VfM, ‘cost-effectiveness’ and ‘return on investment’, are mistakenly used as if they all mean the same thing. Here's a quick summary of terms to clarify and - [Tricky](https://www.julianking.co.nz/vfi/tricky/) - Evaluating value for money in public services is a tricky business As consumers, we are constantly making judgements about value for money (VfM). When we make a decision to purchase something, that’s presumably because we feel it is going to be ‘worth it’ in some way. We don’t always judge things correctly; with the benefit - [Te Kounga o te Werawera](https://www.julianking.co.nz/vfi/te-kounga-o-te-werawera/) - Te Kounga o te Werawera Te Kounga o te Werawera acknowledges the quality and value that come from all the resources invested in a policy, program or service - such as the people, relationships, know-how, dollars, inspiration and perspiration. Value for money is never just about the money. In collaboration with Māori evaluators and communities, my - [Rocket](https://www.julianking.co.nz/vfi/rocket/) - Rocket Espresso - return on investment study If you can't survive without your morning espresso, you have a $1,600 a year habit. If, like me, you often need a 2nd one, and your other half does too, that's more than $6,000 off your household's bottom line. If only there was some way you could make - [Ch1](https://www.julianking.co.nz/book/ch-1/) - Chapter One: What is Value for Money? Policy makers need to know whether their policies and programs provide VFM. It’s a very important question. It’s important that we are equipped to answer it well. But what is VFM? As it turns out, the answer is both simple and complex. Simply put, VFM means good resource - [Preface](https://www.julianking.co.nz/book/preface/) - Preface This is a book for decision-makers and for the evaluators, analysts and advisors whose work helps to inform their decisions. It offers an approach to help people make good use of evidence and values to support good decision-making that serves the public interest. The approach offered in this book is intended for any policy,