We demonstrate your program’s impact both qualitatively (through stories and testimonials) and quantitatively, by calculating the value of social and economic return for investment.
Demonstrating the social and economic impact of programs through evaluation
Health in Common can help programs evaluate outcomes through the lens of social and economic value to the community.
Social Return on Investment is used to evaluate the wider impact of programs or initiatives that can be difficult to quantify. It measures change – social, environmental and economic outcomes – and uses monetary values to represent them. The resulting social value is stated as a ration of program investment relative to impact.
SROI can tell a story about social impacts in monetary terms; communicate the benefits of coordinating and mobilizing resources; and capture the value of community investment activities.
|SROI Steps||Evaluation Activities|
|1||Establish scope and identify stakeholders||Clarify what will be measured and how|
|2||Map outcomes||With stakeholder and project team input, identify what changed because of the program|
|3||Evidence outcomes and give them value||Identify evidence or data for changes experienced – and research proxies that can represent the financial value of the changes|
|4||Establish impact||Assess if changes are a product of the program – and duration of the impacts|
|5||Calculate the SROI||Calculate the financial value of inputs and outcomes|
|6||Report, use and embed||Sharing report findings with stakeholders and applying what is learned|
Value for Money Evaluation is used to describe a program’s value in four key areas:
- Economy: focuses on inputs to demonstrate that the program was delivered with adequate resources
- Efficiency & Equity: focuses on activities and reach to demonstrate the program was delivered in the right ‘quantity’ (cost/unit analysis) and to the right people
- Effectiveness: focuses on achievements to demonstrate the program has the desired effect
Health in Common uses a simple approach to value for money evaluation that builds on your program’s existing framework or logic model.