An evaluation concept based on the standards of the Evaluation Society (DeGEval) is developed together with the client, and if necessary, other stakeholders are also asked to provide input. Appropriate evaluation methods can then be selected from the entire range of known instruments, including qualitative interviews, standardised telephone surveys of a few thousand people and online surveys. Which methods are utilised depends not only on the questions but also on other factors such as time, money and personnel resources as well as the client’s time schedule.
Ideally, an evaluation concept is created at the same time as the measure to be evaluated is developed. This makes it possible to greatly optimise the validity, timeliness and effort required to compile the results. For this reason, when developing policy instruments or products, FaFin also offers the creation of this type of concept as a standard service on request.
Another important principle of the evaluation by FaFin is that existing as well as still-to-be-developed measures from policymakers, financial regulators and stakeholders are coordinated, making them targeted and effective. This is why we always try to get an appropriate view of the influencing environment when developing evaluation concepts.
FaFin places great importance on being able to derive viable optimisations for the future from the evaluation carried out, not just a retrospective assessment.
The founder of FaFin has already carried out evaluations for German municipalities, federal states, federal ministries and authorities, trade associations, consumer advocacy centres, and other organisations.