value for money: the true cost of free time
Resources in publicly funded organisations are always limited, and deciding how to allocate them is hard. Time is one of the most limited resources, yet it is often the resource organisations are most generous with. Just because labour time is already in the budget doesn’t mean it has no cost. This video explores why the time of people working on a project is often overlooked when assessing value for money, and how recognising the full cost of available choices can help organisations make better use of scarce resources.