What are some effective tools for social impact assessment?

What are some effective tools for social impact assessment?

There are several tools for social impact assessment, including the Social Return on Investment (SROI) framework, Logic Models, and the Theory of Change. Each tool has its strengths depending on the context.

Can you explain how the SROI framework works?

Sure! The SROI framework quantifies social, environmental, and economic value created by an organization. It compares the value of the benefits to the costs, providing a ratio that helps stakeholders understand the impact.

What are the benefits of using a Logic Model?

Logic Models help visualize the relationship between resources, activities, outputs, and outcomes. They clarify program goals and improve communication among stakeholders.

Are there any software tools that can assist with these assessments?

Yes, there are software tools like Social Value UK’s SROI Calculator, ImpactMapper, and the Logic Model Builder that can streamline the assessment process.