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ZOP1024: Social Return on Investment (SROI)
Program Overview
Billions of dollars annually are being invested in Western Australia alone in social infrastructure and community projects. But how do we measure the impact of these investments – be they large or small? And, just as importantly, how do we create a basis for comparison and a robust and common methodology around measurement of social impact and social return on investment?
This program provides an opportunity for participants to consider the value of such investments, to discuss measurement options and ROI. As well, participants will have the opportunity to become accredited in the internationally-established Social Return on Investment (SROI) method. This model is emerging as a standard tool in this area. It is an alternative to other measures such as Social Accounting and Auditing or Logic models (eg LogFrame).
Measurement of social impact and return on social investment is a critical management skill across the business, government and nonprofit sectors. This course presents the opportunity for practitioners to become accredited to use the UK Social Return on Investment (SROI) method. This model is emerging as a standard tool in this area. It is an alternative to other measures such as Social Accounting and Auditing or Logic models (such as LogFrame) and is part of our mission to look at measures of social impact and provide education relating to the use of indices.
Designed for
This program is for professionals/practitioners who are serious about measuring Social Return on Investment and/or who may want to become accredited in the SROI methodology. Only seven places are available and they will be filled on a first-come, first-served basis. The program is suitable for executives and decision makers in not-for-profits, the public sector and corporations investing in community organisations, development and social return; philanthropists and managers of philanthropic investment portfolios; and other social investors. Accreditation is based on attendance on the course and the completion of an SROI analysis that passes the requirements for assurance. The program fee includes membership of the SROI Network.
Content
SROI was developed from social accounting and cost-benefit analysis and is based on seven core principles which will be discussed and explored in the program.
Day 1 is a practical, step-by-step introduction to SROI principles and methodology . Participants will learn how to develop an impact map, the heart of the SROI process, considering stakeholder, intended and unintended consequences, inputs, outputs and outcomes – and will explore appropriate real life examples.
Day 2 covers, in more depth, issues that practitioners need understand to get full benefit from the SROI methodology. Current issues will be discussed, best practice and techniques shared and examples explored.
Learning Outcomes
Training is a necessary step towards becoming an accredited practitioner. To become a SROI practitioner, accredited by The SROI Network, you need to have:
1. Completed this training
2. Completed a SROI analysis; and
3. Become a member of The SROI Network
Nationally Recognised
No
Residential
No
Miscellaneous Information
Facilitator/s
BHP Billiton Visiting Expert in Social Impact Jeremy Nicholls, became the chief executive of the SROI Network in 2008. Starting out as an accountant, his work has increasingly focused on finding ways for organisations to better understand and then manage the social value they create. In 2000 he set up the Cat’s Pyjamas to support and advocate social enterprise and shortly after started working on the development of SROI. He wrote There is no business like Social Business with Liam Black and he co-authored the recent UK Cabinet Office supported Guide to SROI. He is the chair of FairPensions, a director of the FRC Group (a social business based in Liverpool), and a director of the BETA Model which provides analyses of the UK business population.
Jeremy Nicholl's work has increasingly focused on finding ways for organisations to better understand and then manage the social value they create. He has co-written a number of guides to SROI and also developed the SROI Primer with London Business School. He has developed an online version of SROI and worked on many SROI analyses for private, public and third sector organisations. He is a fellow of the nef (the new economics foundation) and he co-founded the Beta Model Ltd, a business that provides on line access to reports on trends and dynamics in business size and numbers in the UK. He is the chair of FairPensions and a board member of the FRC Group.
Fees for Not-For- Profit Organisations
The cost for Not-For-Profit Organisations is $1320.00. If you eligible for the Not-For-Profit rate then please call us on 9383 8000 to make your booking.
Duration
2 days
Fees
| Professional Member: | $1,650.00 |
| Affiliate Member: | $1,650.00 |
| Corporate Member: | $1,650.00 |
| Public: | $1,650.00 |
Dates
Sorry, no dates are currently available for this event