What is Social Value? And How Can You Measure it in Projects?

Increasingly, both Project Managers and their clients are asking, ‘How can we deliver social value in our projects?’ So, in this video, I answer the questions, ‘What is Social Value?’ and ‘How can we measure it in our projects?’

This video is sponsored by Association for Project Management. APM is a professional body, and a membership body. It delivers learning and networking opportunities, qualifications, research, resources, events, and best practice guidance for the project community, helping the profession deliver better.

Value Equations...
PMI: V = B - C
APM: V = B / C
ROI = (B - C) / C

The TOM System
This stands for ‘Themes, Outcomes, and Measures’

Recommended Videos
Carefully curated video recommendations for you:
🎬 What is Value? ...or Project Value?
🎬 What is ROI - Return on Investment?
🎬 Benefits Management: the Missing Knowledge Area
🎬 What are Project Benefits?
🎬 How to Do Project Benefits Management
🎬 What is the Triple Bottom Line?
🎬 What is Corporate Social Responsibility (CSR)?

🎬 🎬 🎬 🎬 CSR: Corporate Social Responsibility Playlist

🎒 A while back, I asked Project Managers in a couple of forums what material things you need to have, to do your job as a Project Manager. They responded magnificently. I compiled their answers into a Kit list.
Note that the links are affiliated.

⏱ Chapter Markers...
00:00 - Social Value - what is it and how can you measure it?
00:22 - Social Value defined
02:03 - Social Value and CSR
02:41 - Some projects are all about Social Value
03:50 - Public Services (Social Value) Act, 2012
04:06 - How can you create Social Value in your projects?
04:55 - How to Measure Social Value (Part 1)
06:57 - This video is sponsored by Association for Project Management
08:22 - The TOM System - How to Measure Social Value (Part 2)
10:26 - Summing up

#Project #ProjectManagement #SocialValue

[FelicityDwyer]

A great introduction to social value in projects, thanks.