improving value for money

USAGE SUMMARY

The phrase "improving value for money" is correct and usable in written English.
It can be used in contexts where you are discussing cost-effectiveness or enhancing the benefits received from an expenditure. Example: "Our goal this quarter is to focus on improving value for money in all our projects to ensure we maximize our budget."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

A clear plan must be set out by the ERG for what it intends to achieve, how it will get there and who is accountable for improving value for money.

The Guardian

Regulators are widening the scope of a scheme intended to shame general insurers into improving value for money and the quality of their products through a new ranking system.

The Times

The committee's report on the role of the ERG in improving value for money in the public sector, says that there is pressure from non-executive directors on the new departmental boards for standardised management information to allow comparisons to be made between departments.

The Guardian

Reducing unnecessary, low-value clinical practice (ie, de-adoption) is key to improving value for money in healthcare, especially among patients admitted to intensive care units (ICUs) where resource consumption exceeds other medical and surgical populations.

BMJ Open

Human-verified similar examples from authoritative sources

Similar Expressions

56 human-written examples

To improve value for money for taxpayers and enable the building industry to look at better ways of doing things, the government is reforming public sector construction procurement.

The Guardian

Whisper it quietly, but the government has a plan to improve value for money when it comes to central government's use of consultancy.

The Guardian

Anything that improves value for money is worth a try, though it might do more good to reform the labour laws to allow more flexible working.

The Economist

Today, there are three reasons why we are using the independent sector to provide some treatments for NHS patients: to increase capacity, support patient choice and help improve value for money by raising productivity and innovation.

The Guardian

"Just as David Cameron and Francis Maude need to repudiate politically inspired attacks on the civil service, so the civil service leaders and permanent secretaries need to demonstrate their commitment to reform across departments, to improve value for money, policy making and the running of major projects," he said.

The Guardian

But the NHS will be set targets to improve "value for money" by 3% a year; and colleges and universities will have to improve their efficiency by just 1% next year, with further small gains in later years.Of course, measuring the output and efficiency of public services by the numbers of people they deal with is a pretty crude method.

The Economist

Updated at 3.28pm BST 3.18pm BST BBC trustee: BBC has 'massively improved' value for money since 2008 Lord Patten says it is not only the licence fee payer who is shocked about the payouts: "It is people inside the BBC who have said for two years that they haven't got enough money to make this programme or that... and then they see this NAO report".

The Guardian

Expert writing Tips

Best practice

When using "improving value for money", consider quantifying the improvements with specific metrics or examples to strengthen the message. This provides concrete evidence of the benefits achieved.

Common error

Avoid using "improving value for money" without concrete examples or metrics. Saying that something "improves value for money" without demonstrating how can weaken your argument and make it seem unsubstantiated. Be specific about the efficiency gains.

Linguistic Context

The phrase "improving value for money" functions as a gerund phrase, often used as a noun to describe an ongoing process or objective. It describes an action aimed at enhancing the benefits received in relation to the cost.

Expression frequency: Common

Frequent in

News & Media

50%

Science

25%

Formal & Business

25%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

In summary, the phrase "improving value for money" is a grammatically correct and commonly used gerund phrase. As Ludwig AI confirms, it is employed across various sectors, particularly in News & Media, Science and Formal & Business contexts, to emphasize efficiency and responsible resource management. To enhance clarity, quantify improvements with specific metrics and avoid vague claims. Alternative phrases like "enhancing cost-effectiveness" or "optimizing resource allocation" can be used to add nuance depending on the situation.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

enhancing cost-effectiveness

Focuses specifically on the cost aspect, implying a more direct approach to reducing expenses relative to outcomes.

optimizing resource allocation

Highlights the efficient distribution of resources to maximize benefits.

maximizing return on investment

Emphasizes the financial gains achieved from investments, linking directly to profitability.

boosting efficiency

Centers on increasing productivity and reducing waste, contributing to better financial outcomes.

streamlining operations for savings

Suggests simplifying processes to achieve cost reductions.

gaining efficiencies

Similar to boosting efficiency, it refers to obtaining improvements in productivity and cost management.

refining resource management

Implies making subtle but impactful changes to how resources are handled to increase overall value.

leveraging resources effectively

Highlights using available resources in a way that maximizes their impact and minimizes waste.

driving down costs while maintaining quality

Explicitly mentions the balance between cost reduction and quality assurance.

obtaining greater benefits from existing expenditure

Focuses on extracting more value from the current budget without necessarily reducing costs.

FAQs

How can I use "improving value for money" in a sentence?

You can use "improving value for money" to describe actions taken to enhance the benefits received for a given cost, such as "The government is focused on improving value for money in public services".

What is a good alternative to "improving value for money"?

Alternatives include "enhancing cost-effectiveness", "optimizing resource allocation", or "maximizing return on investment", depending on the specific context.

In what contexts is "improving value for money" commonly used?

"Improving value for money" is frequently used in discussions related to government spending, healthcare, and business operations to emphasize efficiency and accountability.

How does "improving value for money" differ from simply cutting costs?

"Improving value for money" focuses on getting more benefits for the same cost or the same benefits for less cost, whereas cutting costs may simply reduce expenditure without regard for the impact on quality or outcomes.