How social value is measured in infrastructure

Social value measurement is broken. There is a lack of standardisation in measuring social value within infrastructure and development that needs to be tackled.

Social value measurement is a top concern for infrastructure providers, yet there’s still a long way to go when it comes to maximising the value being generated across complex, large-scale, multi-site projects. 

There comes a point where spreadsheets won’t cut it. And juggling multiple tools and systems to accurately measure and evaluate social value is just as cumbersome, especially when utilising Modern Methods of Construction.

When it comes to measuring social value in infrastructure, to get a full picture of what’s taking place, organisations need to embed it beyond just procurement; dipping into planning, design, and delivery. We must lift everyone’s understanding and confidence in order to move past this ‘need to know’ basis of social value and empower all teams, contractors and supply chain partners to consider what social value they can bring to the table.

We turned our attention to the key challenges infrastructure providers face, and the facts speak for themselves. And that’s why, at Impact, we make measuring and evaluating social value across large-scale, multi-site projects simple. 

References:

https://ied.co.uk/images/uploads/WST458_Social_Value_Report_v11.pdf
https://usefulprojects.co.uk/wp-content/uploads/2020/01/Maximising_social_value_from_infrastructure_projects_v1.1.pdf
https://www.socialenterprise.org.uk/wp-content/uploads/2019/05/Front_and_Centre_Report_May_2019.pdf
https://fsn.co.uk/innovation-showcases/workiva-innovation-showcase-2019/
http://www.eusprig.org/basic-research.htm
https://economictimes.indiatimes.com/jobs/employees-spend-more-than-25-of-their-time-searching-for-the-information-they-need-to-do-their-jobs-citrix/articleshow/69839496.cms?from=mdr
https://www.uk.insight.com/content/dam/insight-web/en_GB/learn/user-experience-report-2019/insight-user-experience-report.pdf
https://techtalk.currys.co.uk/computing/workplace-productivity/
https://ied.co.uk/images/uploads/WST458_Social_Value_Report_v11.pdf
https://www.marketwatch.com/story/88-of-spreadsheets-have-errors-2013-04-17
https://www.datarails.com/5-reasons-using-spreadsheets-in-finance-is-risky/