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Social Return on Investment Workshop

Join our Social Return on Investment (SROI) Workshop on October 25, 2017, organized by Jamie Douglas to learn how OR consultancy can benefit third-sector organizations and develop your analytical and consultancy skills.

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Social Return on Investment Workshop

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  1. Social Return on Investment Workshop Jamie Douglas Impact Measurement Event 25 October 2017

  2. What is Pro-Bono OR • Organised through the OR society • Third-sector organisations can benefit from OR consultancy at no cost • Opportunity for analysts to do OR in a different context and develop consultancy skills whilst making a difference

  3. Our Project • A community centre in the North East of England requested analytical help to demonstrate the impact of their activities • A group of Newcastle Operational Researchers collaborated on the project • We used the Social Return on Investment framework

  4. What is Social Return on Investment (SROI)? • Social Return on Investment (SROI) is a method of measuring the social and environmental impact of activities, projects and programmes and of placing a monetary value of them. • There are two methods of SROI • Evaluative • Forecast

  5. The SROI Framework • Establishing Scope and identifying stakeholders • Mapping Outcomes • Evidencing Outcomes and giving them value • Establishing Impact • Calculating the SROI • Reporting

  6. Example SROI framework Task 1: ScopingTask 2: Data Collection Task 3: Identifying Outcomes Task 4: Valuing outcomesTask 5: Establishing impactTask 6: Calculating social return

  7. SROI in practice What did we do? 1. Scoping 2. Data collection * Published accounts * Beneficiary survey via in-depth interviews * Registers * Statistical sampling

  8. SROI in practice (2) What did we do? 3. Valuing outcomes Equivalent value technique

  9. SROI in practice (3) What did we do? 4. Established impact 5. Calculated social return 6. Quality assurance 7. Reporting

  10. Top tips/Lessons learned • Collaborate! • Communicate • Consider what to include

  11. Why do it? • Opportunity for analysts to do OR in a different context and develop consultancy skills whilst making a difference • Project management skills • Consultancy and stakeholder management • Collaboration with other ORs and analysts

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