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4.4 TPD@Scale and cost

1 hour

In Activity 4.1,  one of the factors to consider in TPD@Scale is available finance.

Efficiency is a foundational aspect in the TPD@Scale ‘triangle’ of Equity, Quality and Efficiency.

TPD@Scale triangle: Quality, Equity, Efficiency

Consider these definitions:

  • Cost-efficiency refers to the extent to which an institution or program maintains a particular level of production with fewer resources or increases the level of products or services it produces with a less than proportionate increase in the resources used. It thus refers to the ‘cheapness’ of educational provision.
  • Cost-effectiveness refers to the extent to which an institution or program produces outputs (which are concrete and measurable) or outcomes (which may not always be measurable). It represents striking the optimal balance between cost, student [teacher] numbers and educational quality, a balance that changes according to educational context.
  • Value for money refers to maximizing the impact of each unit of currency spent in order to develop a better understanding of costs and results so that choices of programs can be informed by evidence. This requires an understanding of the expected costs of a program and of its expected results.

Watch a short animation about balancing cost, quality and equity in planning TPD@Scale.

Click to reveal the discussion.