VALUE FOR MONEY – ONE OF THE PILLARS OF THE CORPORATE STRATEGY
To ensure that as many people as possible have a future worth living, we must operate cost-effectively in the long term. That is why value for money is one of the four pillars that underpin our Corporate Strategy 2020–2022. Delivering value for money requires us to use resources efficiently and responsibly.
Value for money in the Corporate Strategy
Acting cost-effectively means achieving maximum impact with the minimum of resources. GIZ embraces a variety of approaches to achieve this, the goal being to achieve more impact per euro invested.
We use key performance indicators to measure success. To be able to comply with the greater demands on us, as well as to carry out future tasks and meet expectations, GIZ has set itself the goal of offering even better value for money, with a special focus on implementation. We are using digitalised end-to-end business processes and demand-based service delivery to improve our procedures. This will enable us to maintain our performance and long-term viability and therefore retain the trust of our Shareholder, commissioning parties and partners.
Why is value for money so important?
The principle of delivering value for money demands that we make optimum use of resources and that we manage these economically. To determine the best possible cost-benefit ratio, GIZ always weighs up and assesses several options for action. Appraisals always look at more than one option.
Value for money: a guarantee for GIZ’s performance
By working efficiently at all levels, we:
- achieve better results per euro invested and enable better value for money in international cooperation;
- free up more resources for investments in key issues of the future;
- become more competitive, retain the confidence placed in us, and ensure that demand for our services remains buoyant in future.
Since GIZ is a public-benefit federal enterprise, we have a duty to handle the resources entrusted to us responsibly. That calls for the greatest possible transparency in the way we manage these resources. And that is why it is important to us to clearly document our considerations regarding value for money.
Information on the following Sustainable Development Goals (SDGs) can be found on this page: