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Scoping a new approach to social value through social investment Close out report from Phase 3 of the Futurebuilders Learning Project Will Thomson and Jenny Smith June 20221Contents Executive Summary31.6Introduction
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01
Identify the problem or opportunity that requires a new approach.
02
Gather relevant stakeholders and define their roles in the scoping process.
03
Conduct research to understand the current environment and existing solutions.
04
Establish clear objectives and desired outcomes for the new approach.
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Outline the resources needed, including budget, personnel, and tools.
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Develop a timeline for the project, including key milestones.
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Analyze potential risks and challenges associated with the new approach.
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Draft a scoping document that outlines all of the above points.
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Review the scoping document with stakeholders and incorporate their feedback.
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Finalize and distribute the scoping document to all relevant parties.

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01
Organizations looking to innovate or improve processes.
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Scoping a new approach refers to the process of defining and outlining a new method or strategy for achieving specific goals or objectives, often in the context of research or project development.
Typically, individuals or organizations that are initiating a new project or research initiative should file scoping a new approach, such as project managers, researchers, or regulatory bodies.
Filling out scoping a new approach usually involves providing detailed descriptions of the project goals, methodologies, targeted outcomes, and any relevant background information, as well as identifying stakeholders and resources required.
The purpose of scoping a new approach is to ensure clarity and direction for a project by assessing its feasibility, setting clear objectives, and identifying potential challenges and required resources.
Information that must be reported typically includes the project title, objectives, methodologies, timelines, involved parties, budget estimates, potential risks, and a summary of relevant literature or prior work.
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