FreeCourseWeb.com

Measuring Social Outcomes and Impact: Financial Perspective

A finance professional’s guide to measuring effectiveness of non-profit organisations

Overview of Measurement

What you’ll learn

Course Content

Requirements

Overview of Measurement

o Background to measurement of social outcomes and Impact

o Efficiency and effectiveness measurers

o The results chain

o Characteristics of high performing organisations

 

Measurement Frameworks and Methods

An exploration of features, application, benefits and limitations of each f the following

o Monitoring, Evaluation, Reporting and Improvement (MERI)

o Program Logic

o Theory of Change

o Social Accounting and Auditing

o Global Reporting Initiative (GRI)

o Social Return on Investment (SROI)

o Most Significant Change

 

Getting ahead with Measurement

o Benefits of measurement

o Steps in choosing measurement framework

o Challenges to measurement

 

Capacity and Effectiveness

o Funder and capacity building

o Funder and measurement

 

Role of Finance function

o Paradigm shift from efficiency focus to effectiveness measures

o Upskilling and business partnering.

 

Why are we Studying this?

There is a growing interest in the measurement of social impact across the non-profit sector. It is therefore timely that we equip ourselves with the knowledge and skills required for measuring a non-profit organisation’s journey to reaching its mission. Non-profits play a huge role in ‘enhancing the economic, social, cultural and environmental wellbeing of society” (as cited in C. Morgan 2012). It is therefore important that we measure these contributions both as a matter of learning and influence government policy towards the sector.