A practical guide to measuring and managing impact

EVPA's Practical Guide is a comprehensive resource that distils best practice in impact measurement into five easy-to-understand steps and provides practical tips and recommendations on how to implement impact measurement at the level of the social investor and in the social sector organisations that they support. The Guide was launched in 2013, and updated mid-2015 to include information on the uptake of the Guide, the remaining challenges that practitioners face, the contribution of the guide to policy work, and EVPA's future plans in terms of research on impact measurement and management. The impact measurement standard in this Guide has been endorsed by the European Commission as the EU wide best practise standard of impact measurement. The goal of impact measurement is to manage and control the process of creating social impact in order to maximise or optimise it (relative to costs). Managing impact occurs continuously and is facilitated by integrating impact measurement in the investment management process. It is important to identify what may need to change within the investment management process so that you are able to maximise social impact. That is why Managing Impact is the core of the impact measurement process.