The Process

20.  When conducting the evaluation, a combination of techniques are required, including:

•  Examination and analysis of the relevant project source documentation;

•  Liaise with other projects to understand lessons learnt from previous exercises;

•  Analysis and Commentary relating to Financial and Performance reports, including IRR calculation;

•  Analysis and Commentary relating to project documentation and data;

•  Interviews with Project, Service Provider and stakeholders;

•  Conduct in accordance with NAO framework and any other relevant guidance;

•  Drawing on lessons from previous reviews.

21.  A process map for conducting a VFM Review can bee seen at Annex D.