Community-Centric Model for Evaluating Social Value in Projects

Abstract

Increasing public participation in infrastructure projects elicits the need for a rationalized approach for quantifying value creation in the societal context. Although economic and environmental viability may be relatively easy to quantify, theories for quantitative evaluation of social performance and underlying social value creation in public infrastructure projects from a community perspective remain unexplored. This paper argues that the needs and requirements of the community should be at the core in planning for infrastructure projects. The success and failure of these projects should be intrinsically linked to the social value being created for the community at large. Addressing this..