NAŠE GOSPODARSTVO / 
OUR ECONOMY

Value for Money in Organizations Providing Public Education Services and How to Measure It

Jana Štrangfeldová, Nikola Štefanišinová

Abstract


The public has put increased pressure on organizations providing public
services to demonstrate the most productive use of resources, with due
regard for value received. Education is no exception. This study focus on
the presentation and evaluation of public organizations (public grammar
schools in our case) in education on the basis of their economy, efficiency
and effectiveness as one of the indicators of performance assessment. The
methodology of Value For Money presented in this study can provide useful
information about the situation of education for public forces and for public
grammar schools themselves. Also, this methodology may help to gain a
deeper insight into strengths of individual schools, as well as in which they
can improve. A limitation of the concept of VFM is that performance evaluation
is possible only between homogeneous services. The originality and value of
the study are reflected in its focus on such topics as monitoring and measuring
of performance for public service organizations (i.e., education services ). It
also provides a tool for districts and individual schools to gain information
using indicators employed here for identifying and solving the performance
problems that occur in education system of Slovakia.


Keywords


performance, value for money, economy, efficiency, effectiveness, organizations providing public services, education

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