This is an entry that complements the Measuring What Matters toolkit which you can find here: https://info.copronet.wales/measuring-what-matters/
Measuring What Matters online tool result: code CHJ
You want to adopt quantitative and consultative approach, to an economic evaluation, and want to commit time and resources to gathering rich and detailed evidence.
Participatory approaches: Involve the stakeholders of a programme or policy in the evaluation process. (Source: Better Evaluation)
Co-productive approaches: Share power and responsibility with stakeholders working together in equal, reciprocal and caring relationships. (Source: Co-production Network for Wales)
Qualitative approaches: Focus on the quality of an activity (often feelings and subjective opinions) as opposed to quantity (objective facts and figures).
Consultative approaches: Invite people to share their experiences through some kind of formal and structured process.
Observational approaches: Involve direct observation of people in their typical environment or activity, whilst causing minimal disturbance to that environment or activity.
Experimental approaches: Investigate cause and effect by manipulating aspects of an environment or activity (variables) in a repeatable way with carefully controlled conditions.
Formative Evaluations: Assess the feasibility and potential of a programme, policy or intervention.
Process Evaluations: Assess how effectively a programme, policy or intervention is being, or has been, implemented.
Outcome Evaluations: Assess the extent to which a programme, policy or intervention has achieved its planned outcomes.
Impact Evaluations: Explore and assess longer-term effects, intended or otherwise, of a programme, policy or intervention.
Economic Evaluations: Assess a programme’s or intervention’s value for money.
Data collection methods
Social Return on Investment
Time: high / Cost: high
Social Return on Investment is the process of measuring the value of a project in terms of its social and environmental benefits.
Check out Page 25 of Think Local Act Personal’s guide ‘Does it Work? – A guide to evaluating community capacity initiatives.’