THE CSACO SOCIAL ECONOMIC IMPACT
MEASUREMENT METHODOLOGY
This describes the generalized but consistent approach used by Community Services Analysis LLC in performing a Social Economic Impact/Return on Funding Investment analysis. Each project is unique and may require modification or expansion of each of these processes.
Step 1 – Stakeholder’s Input, Project Scheduling, and Data Requirements
The process starts with a review with stakeholders on the needs and goals of the project. This can include identification of the historical and/or planned direct and consequential social impacts, the planned uses of the project results, and the potential audience for the results.
This step also includes definition of a project task schedule with task element
responsibilities and task schedules. This project task schedule will be used for periodic project schedule reviews to identify and address any project time or performance issues.
This step also reviews all available data and identifies the specific data needed on the
activities, quantities, and results of the tasks being performed.
Step 2 – Identification of Specific Direct and Indirect Consequential Outcomes
Identification of the actions performed or planned that can result in either immediate
direct benefits or longer-term outcome impacts and the definition of what these benefit and outcome results might be.
Step 3 – Valuation of the Direct Impacts
Valuation of the immediate (short-term) economic impacts of the actions under analysis are investigated and calculated. These amounts are typically based on the Fair Market Value of the services delivered and any economic impacts achieved on a short-term basis.
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Step 4 – Valuation of the Long-Term Consequential Economic Impacts
Valuation of the longer-term consequential economic impacts takes multiple steps:
- Definition of the detailed outcomes (multiple outcomes for Legal Aid services)
- Research on economic impacts of these detailed outcomes:
o Based on database research and previous experience
o Multiple impact results are collected
o Some eliminated for bias/age/inadequate methodology/other reasons
o Some sources are based on governmental analysis and are very precise
(i.e. SSI/SSDI)
o Remaining valuations examined for “congruity” of results. If outliers exist, their results are examined more closely
o Congruent results and multiple studies are used for valuation.
o The most recognizable and appropriate sources are used in Valuation Schedules references.
Step 5 – The Social Impact Value Map and Valuation Schedules
Preparation of the Social Impact Value Map and accompanying detailed Valuation
Schedules for inclusion of the impact report(s).
Step 6 – Delivery of the Draft Report(s) for review
Draft copies of any reports are delivered for review by the client.
Step 7 – Joint discussion of comments and suggestions following draft review
Any comments or suggestions following the review are considered and final report
modifications made if appropriate.
Step 8 – Delivery of final signed report.
This step may also involve presentation of the report results, process, valuations, and
other issues to stakeholders, internal staff, or other interested parties.