Transcript Translation into monetary units is not about simply generating `big

Monday, 22nd December 2014
11:00am-12:30pm
The 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 spinouts/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
Output
Quantity
Unit
‘economic
price’
Economic
Value
Social
Weights
Socially
Modified
Economic
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-12:30pm
The Gallery, The Helix