Valuation and Proxies Masterclass
Assigning a value to outcomes is often, conceptually, the most challenging aspect of SROI analysis. Many with a background in social research and evaluation may be unfamiliar with the approaches used to produce cost-benefit analysis in monetary terms.
Identifying financial proxies for outcomes often requires practitioners to think like economists, while drawing on knowledge and evidence of how the end beneficiaries of a programme or intervention are impacted. Standard economic valuation techniques are used in SROI and there are some exciting developments in the field of well-being economics that have expanded the options.
Choosing the best method and approach to valuation will largely depend on the nature of the intervention of programme being analysed, as well as the audience and purpose of the analysis. Sometimes this will involve trawling academic journals; other times financial proxies can be developed directly from running exercises with beneficiaries.
Learn about the latest developments in valuation, and build your confidence and competence through practical exercises to find, select and employ appropriate financial proxies, which will strengthen your SROI. You don’t need to be an expert in maths, but it will help to have some experience in manipulating numbers.
The course will cover:
- Why valuation can be a useful step in SROI and socio-economic analysis
- Overview of commonly used valuation techniques
- Jargon buster: “contingent valuation”, “revealed preference”, “willingness-to-pay” etc.
- Best practice in proxy research and selection
- Options for running your own valuation exercise
- Valuing well-being and soft outcomes
- Learn about nef’s Common Currency research and its application to valuation
9.30- 4pm on 12 March 2013
nef offices, 3 Jonathan Street, Vauxhall, London, SE11 5NH