Applying social return on investment to the built environment

Watson, K J and Whitley, T (2017) Applying social return on investment to the built environment. Building Research & Information, 45(8), pp. 875-891. ISSN 0961-3218

Abstract

The effective measurement and dissemination of the impact of design on building users requires an evaluative shift away from measuring building performance towards measuring the outcomes experienced by people. This agenda shares considerable overlap with the emerging concept of 'social value' and it is proposed that social impact valuation methods could fill the post-occupancy quantification gap. A review of the social impact sector identifies Social Return on Investment (SROI) as the most developed method with a robust framework for implementation. SROI generates monetized results, anticipated to enhance transferability compared with typical post-occupancy evaluation summaries and facilitate the dissemination and usefulness of findings within the design and construction industry. An in-depth account is presented of a study that trials the six stage SROI method in three non-clinical healthcare buildings; interviews, focus groups, user surveys and financial valuation techniques are used. The SROI results are summarized and the discussion provides a critical reflection on the application of SROI to the built environment: the technical challenges faced, the modifications made as a result, and the lessons learnt from this process. The conclusion offers practical recommendations for future applications of SROI to the built environment.;The effective measurement and dissemination of the impact of design on building users requires an evaluative shift away from measuring building performance towards measuring the outcomes experienced by people. This agenda shares considerable overlap with the emerging concept of 'social value' and it is proposed that social impact valuation methods could fill the post-occupancy quantification gap. A review of the social impact sector identifies Social Return on Investment (SROI) as the most developed method with a robust framework for implementation. SROI generates monetized results, anticipated to enhance transferability compared with typical post-occupancy evaluation summaries and facilitate the dissemination and usefulness of findings within the design and construction industry. An in-depth account is presented of a study that trials the six stage SROI method in three non-clinical healthcare buildings; interviews, focus groups, user surveys and financial valuation techniques are used. The SROI results are summarized and the discussion provides a critical reflection on the application of SROI to the built environment: the technical challenges faced, the modifications made as a result, and the lessons learnt from this process. The conclusion offers practical recommendations for future applications of SROI to the built environment.;The effective measurement and dissemination of the impact of design on building users requires an evaluative shift away from measuring building performance towards measuring the outcomes experienced by people. This agenda shares considerable overlap with the emerging concept of 'social value' and it is proposed that social impact valuation methods could fill the post-occupancy quantification gap. A review of the social impact sector identifies Social Return on Investment (SROI) as the most developed method with a robust framework for implementation. SROI generates monetized results, anticipated to enhance transferability compared with typical post-occupancy evaluation summaries and facilitate the dissemination and usefulness of findings within the design and construction industry. An in-depth account is presented of a study that trials the six stage SROI method in three non-clinical healthcare buildings; interviews, focus groups, user surveys and financial valuation techniques are used. The SROI results are summarized and the discussion provides a critical reflection on the application of SROI to the built environment: the technical challenges faced, the modifications made as a result, and the lessons learnt from this process. The conclusion offers practical recommendations for future applications of SROI to the built environment.;

Item Type: Article
Uncontrolled Keywords: design evaluation; building design; post-occupancy evaluation; valuation methods; social return on investment; social value; postoccupancy evaluation; impact measurement; construction & building technology; design quality; assessing building performance; health care; construction; return on investment; buildings; environmental impact; social impact; investment; construction industry
Index terms: interview, building technology, design quality, focus group, building performance, survey, dissemination, environmental impact, impact measurement, valuation method, building design, social return on investment, quantification, post-occupancy evaluation, reflection, design evaluation, social value, design and construction, built environment, return on investment, health care, construction industry, implementation, social impact
Subjects: knowledge translation, professional development, public and environmental health, quality assurance, industry analysis, infrastructure and transport systems, sociology, measurement and scaling, engineering systems, environmental impact, design assessment, social impact assessment, data collection methods, economic analysis, architectural design, evaluation methods, contractual arrangements, professional practice, real estate economics
Topics: Urban Studies, Design Practice, Quality Management, Health and Safety, Business Strategy, Information Management, Engineering Principles, Research Practice, Sustainability, Governance, Procurement
Descriptive scope: 5 PCTEA

N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here