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Measuring Social Impact With Lean Data ➤ Impact Measurement & Management
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- Опубліковано 14 сер 2024
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impact measurement * impact management * impact measurement and management * impact management project * lean data * social impact measurement * impact measurement tools * measuring social impact * impact evaluation
#ImpactMeasurement #LeanData #Socent #Socialimpact
Learn best practices in monitoring and evaluation and social impact measurement here.
If you are a mission-driven organization, asset manager for an Impact Fund, Fund of Funds, Impact Advisor, Social Impact Accelerator, Foundation, or an asset who works with stakeholders like social businesses or nonprofits, you’re in the right place! This series gives a new way to design monitoring and evaluation tools and systems.
This video series will teach you the step-by-step strategy for raising impact capital through better impact evidence and a better impact measurement approach. Once you’ve defined your impact strategy, you can approach impact data collection and analytics differently.
Many of these techniques are relatively simple but powerful in demonstrating impact to a project’s funders.
Don’t forget to show how we’ve impacted you by smashing that like button and subscribe so you don’t miss the next parts of this series!
So, without further ado, let's explore 8 key patterns for demonstrating impact measurement-the lean data way!
DEFINE IMPACT STRATEGY FOR IMPACT MEASUREMENT WITH LEAN DATA
Many organizations are ready to start thinking about an Impact Strategy. Whether you are a funder or an organization working in the field, you might want to align to multiple frameworks, such as IRIS, Impact Management Projects, and Sustainable Development Goals.
You can decide to use a Theory of Change model, a Logic Framework, or the 5 Dimensions of Impact. What is relevant is to be clear about the Outcomes or Effects, meaning, what is changing in the community because of your intervention.
STAKEHOLDER VOICE FOR IMPACT MEASUREMENT
Primary User: If your organization has experience collecting quantitative data, you might also want to grow into collecting other data types.
OUTCOME IMPROVEMENT
Primary User: Organizations that work directly with the stakeholders and collect data to measure outcome performance over time.
Reason: It is important to understand our impact on a group of people. Pointers on how the impact is experienced by individuals are very helpful in some cases. For instance, using averages to understand impact is dangerous because it can skew the result toward the positive.
Benefit: While cohort analysis helps us understand the overall impact the services had on the people, individual performance gives us a deeper understanding of how the analysis may be skewed when the impact is seen only from the perspective of the cohort.
Challenges: This is not simple. A thorough analysis process requires knowledge of sophisticated tools and methodologies that let you learn from the data you may have collected. A lack of such tools and methodologies can quickly discourage an organization from thinking in that direction.
IMPACT MANAGEMENT PROJECT
Primary User: Large and small organizations looking at ways to start their Impact management journey. The Dutch government wants to create jobs in the coconut and palm oil industry in East Africa. For new impact investments to flow, the industry expects impact evidence. One of the organizations we are working with intends to adopt IMP 5 dimensions to holistically collect and report on impact evidence to attract these investments and help the farmers establish a sustainable business around the coconut and palm oil business.
Reason: Virtually every successful organization, primarily motivated by high financial outcomes, puts a lot of effort into understanding how its product benefits its stakeholders. The same level of rigor is ideal for Impact-driven organizations.
Benefit: This methodology helps the organization concentrate on the stakeholders and its Impact on them rather than thinking about how to measure that impact.
Challenges: It may seem complex for an organization to start measuring Impact. However, it could now get started seamlessly by following the IMP 5 dimensions of impact.
SOCIAL RETURN ON INVESTMENT
Primary User: This is a good option for more mature organizations with robust stakeholder data collection.
Free Actionable #ImpactManagement Book: bit.ly/2kMpA03
Website: www.sopact.com/
Slides: bit.ly/2MWRgdH
Great insight, Chris! Defining impact strategy is undoubtedly a fundamental step, and mapping data to the strategy can provide continuous learning.
Really clear overview. Thank you Chris.
Hi Tanya
Thank you for your comment. Your feedback is valuable for any of our video. This is how we can improve.
Unmesh
Thanks so much, learning a lot and it's helping our NGO move forward.
Happy to help!
I really like these videos, but it is a bit confusing about the order of them. Is there a way you can add numbers to titles to clarify the order, if there is one? Or a provided a suggested list of viewing? The playlists aren't very clear either. Thank you :)
Hi. Thank you for your feedback. I agree with you. We are still adding 1 video a week and many early-stage videos are still in pipeline. I will correct them in the "Monitoring and Evaluation" course but please note that may are still missing.
I would love to know if
1) Content makes sense? 5 = Strongly Agree, 1 = Strongly Disagree
2) Quality of Content Useful? 5 = Strongly Agree, 1 = Strongly Disagree
3) Is content actionable? 5 = Strongly Agree, 1 = Strongly Disagree
Yes, there is a lot of background to cover. Please start here:
www.sopact.com/social-impact-measurement-framework
Your feedback is valuable and please keep sharing the same when you video.
@@SoPact
To answer:
1) 3
2) 5
3) 3
:) It's also confusing how the text under the title doesn't necessarily correlate with the video. I know this is 10x more graphic design and video editing work and it's not necessary right now, but it may be helpful to splice the speaking text with PPT slides or something. Right now it is *so* *fast* and I as a native English speaker had to keep rewinding to understand and take notes. I can imagine for a non-native speaker it would be difficult to follow. But seriously, above all, these are extremely helpful as a framework for understanding. As far as my research has shown, your videos are the most helpful I have seen too understanding M&E in the social impact sector.
@@poppyflowers7897 Thanks. It is useful to know where we stand. We are trying to simplify some complex topics. Making it useful is a bit challenging. I know content is delivered in a fast pace style. I will ask Chris to slow down a bit. This kind of video is designed to grab challenging topics and simply provide details in a short time. Our research has shown that most people do not read as before. Even long video they lose attention span. They are technically not course or training. Just concept video. We are building a more hands-on video that will give a more in-depth understanding of the concept and make it more actionable. For the next 6 months, this is all going to be random, but everything will come together when all done!
@@SoPact Yep, yep, I totally get it. And I hope you find my comments useful, because they are to be more constructive than critical. I totally get that these are concept videos. The interesting thing is that I find that if videos are spliced with my graphics or texts (loved the examples) it will hold my attention longer than if just speaking straight through.
Maybe next time you can present how any of these has been done by an organization, and what are the results, the challenges, and the recommendations to make usage better.
All our customers use impact strategy which follow a process mentioned in the video.
We will soon release a low price product with monthly subscription for the same