Public Spend Forum’s 2-year study on the metrics of public procurement found that no consistent measurement framework exists to guide management and oversight of trillions in government spending. However, there is recognition that data and metrics-based management is essential to delivering outcomes and driving a culture change that can inevitably improve the effectiveness of public procurement spending.
The Measurement of Public Procurement Value Framework developed by Public Spend Forum consists of major components to measure the performance of public procurement function. These components include the following:
Read Part 2 of the report to begin measuring public procurement value