The authors have developed a participative method for completing a cost-benefit matrix that integrates quantifiable and difficult-to-quantify costs and benefits. The matrix gives social issues equal standing with financial considerations. Working with a wide range of stakeholders, the matrix is completed by incorporating stakeholder views as well as research findings. The balance of costs and benefits is assessed discursively rather than being reduced by a formula to a ratio. Many benefits of this approach are identified and its application to an evaluation of a grants program is described.
|Number of pages||6|
|Journal||Impact Assessment and Project Appraisal|
|Publication status||Published - Jun 2003|
- Social benefits
- Social cost-benefit matrix
- Social costs
- Social impacts