Impact assessment of economic and monetary innovations for their financing and improvement : why is it necessary for social transformation projects management ?

Place, Christophe

In: Proceedings of International Social Transformation Conference, 2012, p. 1-70

After a deep literature review of 151 sources on impact assessment in the sector of development projects, sustainable finance and monetary innovation, only 31%, 17% and 14% were respectively reference materials of this research topic. The two first sectors are advanced on this topic and already have some principles, standards and guidelines for impact assessment methodology and even handbooks.... Plus

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    Summary
    After a deep literature review of 151 sources on impact assessment in the sector of development projects, sustainable finance and monetary innovation, only 31%, 17% and 14% were respectively reference materials of this research topic. The two first sectors are advanced on this topic and already have some principles, standards and guidelines for impact assessment methodology and even handbooks. Furthermore, in the impact finance sector, 24% of a database of 169 sources or 54% of a research of 35 other resources is dealing with assessment tools and indicators. However in the complementary currency sector, only 18% of a database of 1251 sources or 6% of the 406 English sources of this same database integrates a project qualitative or quantitative monitoring and evaluation. Nevertheless, we know that 74% of complementary currency projects depend on conventional money financing. Creating a holistic methodology for impact assessment of economic and monetary innovation projects is essential to conceive the appropriate impact report necessary to reach: external financing analysis and support; internal project management and leadership improvement; global legitimacy as impact development tool. Not only measurement and performance indicators, but also planning, monitoring and evaluation of socio-environmental transformation project seem to be important. That’s why we propose a concept of scorecard including 4 dimensions, 20 topics, 55 objectives, 62 indicators and assessment tools. This approach may appear too quantitative and rational and not enough intuitive and qualitative, but a good equilibrium of hard skills and soft skills will help us to attract the indispensable energy, time and competencies of our conventional economy in order to reach a social transformation.