Creating the system of indicators for evaluation of economic benefits of social projects

Abstract

Social projects is a common tool for implementation of the goals of social policy. As social policies pursue not financial but socio-economic goals so does social projects. Evaluation of socio-economic impact of a social project is complex scientific question. Cost-benefit analysis is a common tool used for evaluation and selection of the most beneficial projects, however evaluation of socio-economic impact of projects is often limited to the narrow range of indicators that could be expressed and evaluated in monetary value. This leads to the situation where a wide range of effects of social project is not evaluated. To adress this issue a multicriteria evaluation methods could be used that allow to use complex systems of indicators describing an object of analysis. The goal of this article is to create a system of indicators describing the socio-economic impact of social projects. The system could later be used together with multicriteria methods suplementing the cost-benefit analysis and leading to more precise evaluation of real economic benefits of social projects.