10 Tips To Effectively Run Impact Measurement Projects
As an organization, you must measure all the results and stats of your projects. While this is not always as easy as it sounds, it has several benefits. One of them being, Impact measurement can help you adjust projects to get the desired results.
Ready about why is social impact measurement important
However, impact measurement is such a recent and upcoming methodology that not every organization or person knows about impact measurement and how it needs to be done. The following guide is designed to show you the 10 most effective tips to incorporate in your impact measurement strategy. These tips will ensure that you get the best possible results and information from all your projects.
1. Use Your Mission Statement As A Guideline
The mission statement of most organizations is designed to be positive and they often neglect some of the downsides. However, you can use your mission statement as an objective. Since you will need to be more realistic with your mission statement, these missions can be transformed into goals you need to achieve with your projects.
2. Start Small
When you first launch a project, you might have some idea in your mind of how successful the project is going to be. While all of this is fine, it is best to start small with your goals. Adjust your targets to help you start small and when it comes to impact measurement projects, keep them small and easy to control. As your organization grows & your understanding of impact measurement grows, you can expand all the components of it.
3. Focus On Precision
One thing we have noticed from many people is that they have a vague goal in mind when measuring impact. Always attach a clear measurable figure with each goal. Once you measure with precision, you will find that it is much easier to make accurate changes when needed.
4. Use The Correct Tools
If you are new in this world, it can be hard to find the right tools for the job. While you can consult an expert, you can also do a simple search to find the best impact measurement tools. With the right tools, you will be more accurate. Accurate results will allow you to make more changes to the programs and help them run more effectively. Artemis Impact Management Platform is one such tool that can help you effectively measure the impact of your projects.
5. Diversify Tools
Linking to the previous point, you might need to use different tools throughout a few measurements. This will serve as a second opinion in times that you are not sure what to do. Having more data will give you more reference points. The more reference points you have, the easier it will be to make decisions.
6. Consistently Collect Data
You must understand everything that is happening at any given time. It is important to collect data as much as possible. When you have tons of data, it gives you a clear indication of where the project is heading. The more data you collect, the easier it will be to make decisions that have a greater impact on your projects.
7. Evolve Impact Measurement With Projects
Your projects will evolve and change over a couple of years. However, many people stick to the same impact measurement methods and often find themselves running out of solutions for problems. You might want to evolve your impact measurement strategies with your projects to ensure the data collected remains accurate.
8. Borrow Data If Possible
Impact measurement programs can be expensive and there are tons of other organizations in the same field as yours. Since many of these could be older, it is often best practice to borrow some of the information and use it for your organization. In the world of NGOs especially, everyone is trying to achieve a better future and should assist one another.
9. Set Up A Data Schedule
Many of us collect a lot of data and often sit on all the information. When you have data and information that is not used, it becomes useless. As an organization, you will need to set up a schedule to help you determine the data you will use. If the schedule is regular, you will notice regular improvements.
10. Share Information With Stakeholders
Last but certainly not least, you will need to keep your stakeholders and investors happy. To do this, you will need to keep them informed. The more accurate your data is, the better understanding they will have of the situation. In these circumstances, you might even find yourself getting additional funds for projects.
It can often take years for you to get results and see some progress from your social projects. However, accurate data measurement and effective impact measurement can make the process a bit easier, We recommend that you use the above-mentioned tips to help you improve impact measurement for your organization.
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