Monday, 22nd December 2014

11:00am-12:30pmThe Gallery, The Helix

The DCU pilot study

• Pilot Study applying a methodology that enables quantitative assessment of value: socially modified economic value

• Holistic approach to enable comparison of ‘apples and pears’ in same framework (numéraire)

• Most immediately useful for non-monetary benefits eg from Civic Engagement actions

• But can be used across the board for all university outputs

OUTPUT Based Valuation

Valuing the ‘priceless’

• Translation into monetary units is not about simply generating ‘big numbers’

• About finding a way to express the very real value and benefits delivered to society by activities that are not ‘commercial’ or which may not have a financial value

• And enabling their value to be seen alongside activities that might have clear financial value ( eg spin-outs/inventions etc )

• It is about getting a fair ‘rate of exchange’ so all of a university’s work can be seen ‘in the round’ and fair metrics can be developed

A ‘holistic’ view of DCU

Establishing Rates of Exchange

Valuation of social benefits: case study

Social Weights

Socially ModifiedEconomic

Value

Next Steps

• DCU creates 2524 jobs and contributes 180 million euros to GDP per annum

• DCU also contributes towards the social and cultural life of the region

• We need to agree:

1. Definitions- what are the main forms that civic engagement take in Ireland? Campus Engage can assist in this task?

Next Steps

2. Data coverage: what data do HEIs now gather? Can we develop a common system?

3. Data collection: what role for the HEA? A new civic engagement output dataset

Objectives:

* Create robust and credible measures

* Encourage fair and transparent allocation of resources

Monday, 22nd December 2014

11:00am-12:30pmThe Gallery, The Helix