Define 'Social Impact Assessment Framework'. What is SROI ? Also mention the steps in calculation of SROI.

Social Impact Assessment Framework: A Social Impact Assessment Framework can be defined as a process of analysing, monitoring and managing the intended and unintended social consequences, both positive and negative of planned interventions (policies, programs, plans, projects). Its primary purpose is to bring about a more sustainable and equitable biophysical and human environment. To understand the probable impact of a proposed project, it is imperative to understand past behaviour of target individuals and community to whom the project will affect and towards whom the same is targeted. Also, if any project is proposed to be implemented at location B, then social impact assessment of similar project as already being executed at location A can be undertaken to understand the probable impacts it will have on society at location B. Social Return on Investment (SROI): SROI is a method of monetizing the non-financial Social and Environmental value created by enterprise. It is a principle-based method that provides a consistence approach to understanding and managing an organisation's impact. Since the Social Value created is more likely to be qualitative in nature it may be difficult to monetize it. Calculation: Important Steps in Calculation of Social Return on Investment Step 1: Define Social Impact Indicators (Output) Step 2: Translate outputs into Financial Equivalents where possible Step 3: Develop "Social Cash Flow Proforma" Step 3: Discuss Qualitative Outcomes Step 4: Cite Source and articulate assumptions clarity